In a bid to keep pace with global trends and cater to rising institutional interest, the Thai Securities and Exchange Commission (SEC) has proposed new regulations allowing mutual and private funds to invest in digital assets. This initiative is designed to enhance investment opportunities for Thai investors and align the country’s regulatory framework with international standards.
The SEC has published a draft proposal and is seeking public feedback on the revisions to the criteria governing funds that invest in digital assets. This move aims to empower asset management firms and securities companies to offer services to institutional investors looking to diversify their portfolios with crypto-related products, including exchange-traded funds (ETFs).
The regulator's initiative comes in response to a notable increase in global interest in digital assets, particularly following the approval of US-listed Bitcoin and Ethereum ETFs earlier this year. The SEC aims to create a regulatory environment that facilitates access to these emerging investment opportunities while ensuring expert management for investors.
Currently, Thai investors have the option to access crypto ETFs listed abroad. However, the SEC recognizes that the existing mutual fund framework, established in 2015, has not adapted to the rapid evolution of digital asset investing on the global stage. By updating these regulations, the SEC hopes to provide investors with more avenues for diversification in their investment portfolios.
As this proposal moves forward, the Thai SEC continues to prioritize investor protection while fostering innovation in the rapidly growing digital asset market.
October 2024, Cryptoniteuae