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Thailand Moves to Approve Crypto ETFs with New SEC Guidelines

Key Takeaways

  • Thailand’s SEC is drafting rules to regulate crypto ETFs, futures, and tokenized assets within its official financial framework;
  • The regulator plans to launch crypto ETF guidelines this year, which will offer safer exposure to digital assets for investors;
  • Crypto is set to be recognized as an official asset class in Thailand, with investors advised to cap holdings at around 5% of portfolios.

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Thailand Moves to Approve Crypto ETFs with New SEC Guidelines

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.

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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.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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