Global #Thailand

Former Thai Prime Minister Thaksin Shinawatra announced plans to launch a cryptocurrency sandbox in Phuket by October.

The Thai Securities and Exchange Commission (SEC) is currently investigating the potential approval of a Bitcoin exchange-traded fund (ETF) for listing on domestic exchanges.

Thailand is considering a significant policy shift by allowing Bitcoin exchange-traded funds (ETFs) to list on local exchanges. This move aims to solidify the country's position as a regional hub for digital assets.

The former prime minister of Thailand, Thaksin Shinawatra, said there’s “no risk” in allowing the trade of stablecoins and other tokens backed by tangible assets.

Thailand’s Securities and Exchange Commission (SEC) has officially launched a new regulatory sandbox aimed at advancing cryptocurrency innovations while balancing regulatory oversight.

The cryptocurrency industry across Asia is undergoing significant transformations as governments in the region introduce stricter regulations while simultaneously encouraging innovation.