Crypto Enters Thailand’s Capital Markets After Regulatory Approval
Thailand's Cabinet has approved the use of cryptocurrencies as underlying assets for regulated financial products like futures and options, integrating crypto into mainstream capital markets. The Securities and Exchange Commission will establish detailed rules for exchanges, clearing, and risk controls. Licensed platforms will be required, with stricter custody standards. The move follows earlier initiatives like tokenized government bonds (G-Tokens) and a five-year capital gains tax exemption for on-shore crypto trading. Stablecoins are included to facilitate settlement. While institutional interest is growing, concerns around volatility, custody, and fraud remain. Regulators plan to enforce strict KYC, auditing, and leverage limits to mitigate risks.
bitcoinist02/12 16:01
