New regulatory measures in Thailand
According to the report, Thailand plans to introduce new rules that will include the launch of cryptocurrency exchange-traded funds (ETFs) and the ability to trade cryptocurrency futures. These measures are aimed at further developing and regulating the crypto market in the country.
Thailand Securities and Exchange Commission Deputy Secretary-General Jomkwan Kongsakul noted that cryptocurrency ETFs will be of interest to investors as they eliminate the risks associated with the security of storing cryptocurrencies in personal wallets. This makes investments in digital assets more convenient and attractive to a wider range of investors.
The new rules are expected to be introduced this year, although specific timelines have not yet been announced. Thailand is becoming another country that is actively implementing crypto market regulation mechanisms, seeking to strike a balance between investor protection and supporting industry development.
Expert view
The introduction of cryptocurrency ETFs and futures trading in Thailand is another important step towards the mass adoption of digital assets. This decision reflects a global trend where regulators recognize the need to create a legal infrastructure for investing in cryptocurrencies.
For investors, the emergence of cryptocurrency ETFs will mean a simpler and safer way to participate in the crypto market, which may attract new capital to it. At the same time, the development of futures trading will increase liquidity and allow hedging risks.
Overall, the actions of the Thai regulator demonstrate that the country is aimed at creating favorable conditions for the development of the crypto industry. This could make Thailand an attractive destination for crypto companies and investors in Southeast Asia.