Thailand’s financial regulator announced plans to add crypto investment products to its official rulebook.
The country’s Securities and Exchange Commission (SEC) is drafting new policies for exchange-traded crypto funds, futures contracts, and tokenized investment assets.
Deputy secretary-general Jomkwan Kongsakul told the Bangkok Post that the SEC expects to release the first set of crypto ETF guidelines “early this year”. These funds are seen as a safer and simpler way for investors to gain exposure to digital assets.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
How to Track Cryptocurrencies? (3 BEST Tracking Platforms Revealed)
Kongsakul said, “A key advantage of crypto ETFs is ease of access; they eliminate concerns over hacking and wallet security, which has been a major barrier for many investors”.
The SEC also plans to open the door for crypto futures trading on the Thailand Futures Exchange (TFEX). Other efforts include introducing market makers to support liquidity and officially adding digital assets as a recognized asset category under the Derivatives Act.
According to Kongsakul, the SEC board has already approved crypto ETFs in principle and is now finalizing detailed investment and operational requirements.
In its current plan, the SEC views crypto as “another asset class”, which suggests that investors could hold up to 5% of their portfolios in digital assets to maintain balance and manage risk.
On January 20, Vietnam started accepting applications for regulated digital asset exchange licenses under a new pilot program. What does the pilot program cover? Read the full story.
