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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.
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.
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