IMPACT ON CRYPTO INVESTORS!
Investors using stablecoins to buy other cryptos
This is the most affected group.
If the government imposes IOF on:
purchase of stablecoins,
exchange of stablecoins,
or transactions to external brokers/wallets,
then the operational cost rises immediately.
Trading becomes more expensive.
Net profit decreases.
And short-term operations become less advantageous.
For those who do:
DCA with USDT/USDC
Buy BTC/ETH via stablecoin
Arbitrage between exchanges
The impact can be direct on the wallet.