Thailand Expands Crypto ETF Framework for Investment Management
- Thai asset managers can now outsource crypto investment management to licensed digital-asset fund managers.
- The SEC has amended rules allowing mutual funds and private funds to invest in crypto ETFs, adhering to existing investment limits.
- Initial regulations prohibit non-institutional clients from accessing foreign crypto ETFs through products like depositary receipts.
- This framework includes additional custody, disclosure, and suitability safeguards for bitcoin and ether.
- Thailand leads globally with a reported crypto user rate of approximately 20%, surpassing the U.S.’s rate of about 13%.
The Thai SEC’s new rules aim to integrate cryptocurrencies into traditional financial frameworks while ensuring investor protection through enhanced regulations. The move aligns with Thailand’s goal to broaden its ETF offerings beyond just bitcoin by the year designated for expansion.
With around 20% of its population owning cryptocurrency, Thailand is positioning itself as a leader in the digital asset space compared to countries like the U.S., which has 13%. (Source)
