Thailand’s Securities and Exchange Commission plans new rules early this year to enable crypto ETFs, crypto futures on the Thailand Futures Exchange, and tokenized investment products, stated. The regulator aims to boost institutional access and address custody and security concerns. (stated)
Jomkwan Kongsakul (see profile) set out the regulator’s timeline and limits. (Ed. note: the SEC would allow investors to allocate up to 5% of diversified portfolios to digital assets.)
“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,” Kongsakul said. The SEC also plans to treat digital assets as another asset class under the Derivatives Act.
The agency will regulate crypto futures trading and support market makers to improve liquidity. It will also collaborate with the central bank on a tokenization sandbox and encourage bond token issuers to enter the regulatory sandbox.
The SEC has moved to tighten oversight of financial influencers and will require proper authorisation for any investment recommendations. “any recommendation related to securities or investment returns will require proper authorisation as either an investment advisor or introducing broker,” the regulator said.
Retail trading remains strong while crypto payments stay banned, and Bitkub posts daily volumes near $60 million. Earlier this month the SEC suspended KuCoin Thailand after its capital fell below minimum requirements for five consecutive days, reported. (reported)
The company blamed a shareholder dispute between Singapore’s CI group and KuCoin Global for blocking a planned capital increase and said the issue was not a liquidity shortfall. (reference)
