Thailand's Securities and Exchange Commission (SEC) is moving forward with a significant regulatory expansion to integrate cryptocurrencies into the formal financial system. The agency is preparing new frameworks that will enable two key developments:
1. Cryptocurrency ETFs: The SEC is expected to release guidelines for the establishment of cryptocurrency exchange-traded funds (ETFs) early this year. This rollout will coincide with the introduction of a supporting market-making system to ensure liquidity for these new products.
2. Futures Trading on Regulated Exchange: The commission plans to allow cryptocurrency futures trading on the Thailand Futures Exchange (TFEX), a regulated derivatives market. This move is part of a broader initiative to officially recognize cryptocurrencies as a formal asset class under the Derivatives Act.
These coordinated measures aim to provide Thai investors with regulated, institutional-grade avenues for digital asset exposure while enhancing market structure and consumer protection. The developments mark a pivotal step in Thailand's effort to establish a comprehensive and secure crypto investment ecosystem. $BTC $ETH $BNB #BTC #MWAM_Crypto