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Crypto ETFs Are Coming To Thailand: SEC To Launch New Rules This Year

Thailand's Securities and Exchange Commission (SEC) is preparing to introduce new regulations to support crypto investment, including exchange-traded funds (ETFs) and futures trading. The SEC plans to issue guidelines for digital asset ETFs, allowing investors to gain exposure to cryptocurrencies like Bitcoin without directly managing wallets or facing security risks. Crypto futures will also be enabled on the Thailand Futures Exchange (TFEX) to provide hedging tools. The regulatory changes are expected early this year. This follows similar approvals in the US and Hong Kong. Meanwhile, US Bitcoin ETFs have recently seen significant net outflows amid a market downturn, with Bitcoin's price falling over 8% to around $89,100.

bitcoinist01/23 10:31