The Thailand Securities and Exchange Commission (SEC) has introduced a proposal allowing mutual and private funds to invest in digital assets. This move aims to help institutional investors diversify into cryptocurrencies.

Aligning with Global Trends

The Thai SEC's proposal reflects the global interest in cryptocurrencies, especially following the approval of US-listed Bitcoin and Ethereum ETFs. While Thai investors could access these ETFs abroad, domestic funds faced limitations. The SEC aims to modernize regulations in tune with global standards.

New Opportunities for Securities

Under the new rules, securities companies and asset managers can offer services to institutional and wealthy investors interested in crypto products like ETFs. A 15% cap on digital asset exposure is proposed for retail funds to safeguard against volatility.

Differentiating Assets

The SEC's draft proposes guidelines to distinguish between high-risk assets like Bitcoin and stablecoins such as Tether. Fund managers would need to select investment channels carefully and have a cap on temporary holdings of assets to manage risks.

Thailand's SEC continues to advance in the digital assets realm, creating favorable conditions for growth and innovation. These efforts reflect the country's alignment with global trends and highlight its standing on the international crypto scene.