Thai Cabinet Approves Amendment to "Derivatives Act" to Allow Cryptocurrencies as Underlying Assets

Odaily News The Thai Cabinet has approved an amendment to the "Derivatives Act," allowing cryptocurrencies to serve as underlying assets for regulated derivative products. The Thai SEC will revise relevant licensing rules, establish specifications for derivative contracts, and collaborate with the Thailand Futures Exchange to ensure the risk characteristics of the contracts align with the features of digital assets. This reform aims to promote market growth, diversify risk management, and bring digital asset activities under a clearer legal framework. (Decrypt)