Thailand SEC Plans to Implement Crypto ETF and Futures Regulatory Rules Within the Year

Odaily News: The Securities and Exchange Commission (SEC) of Thailand is formulating rules to support crypto ETFs, crypto futures trading, and tokenized investment products. Jomkwan Kongsakul, Deputy Secretary-General of the SEC, stated that the official guidelines for crypto ETFs are expected to be released within the year. This will facilitate investors in allocating related assets without the need for self-custodied wallets. It is also recommended to treat crypto assets as "another asset class," with an allocation cap of up to 5% in diversified portfolios. The SEC also plans to incorporate crypto assets into the framework of the Derivatives Act, launch crypto futures on the Thailand Futures Exchange (TFEX), and tighten regulations on "financial influencers." Those involving profit promises or investment advice will be required to possess investment advisor or intermediary licenses. (Cointelegraph)