Thailand's SEC is considering the introduction of spot Bitcoin ETFs and stablecoins as part of its strategy to ensure a safe crypto market in the country.
Introduction of Bitcoin ETFs in Thailand
Thailand's Securities and Exchange Commission (SEC) is reviewing proposals to allow spot Bitcoin ETFs. This would create new investment opportunities for retail and institutional investors. According to Secretary-General Pornanong Budsaratragoon, this is necessary for adapting to the global rise of cryptocurrencies.
Stablecoin Support Proposals
Proposals to introduce stablecoins backed by corporate bonds aim to widen access to debt markets. This would strengthen the position of stablecoins in the country and offer new investment instruments.
Combating Illegal Crypto Gambling
Combating illegal crypto gambling has become a key focus for the SEC. Recent actions against Polymarket highlight the country’s commitment to ensuring legal compliance and protecting investor interests.
Thailand’s decisions to introduce spot Bitcoin ETFs and enhance regulatory oversight of the crypto industry underscore its commitment to a safe and progressive crypto market.
