Thailand Approves Digital Assets for Derivatives and Capital Markets
- The Thai government has approved the Finance Ministry’s proposal to allow digital assets, including Bitcoin, as underlying assets in derivatives markets.
- The Securities and Exchange Commission (SEC) will amend the Derivatives Act to include these new asset classes, aiming to modernize Thailand’s financial landscape.
- Nirun Fuwattananukul, CEO of Binance Thailand, called this a “watershed moment” for capital markets, highlighting its potential to reshape investment frameworks.
- Thailand aims to attract wealthy institutional investors and align with plans for Bitcoin futures and exchange-traded products by the Stock Exchange of Thailand by 2026.
- Despite retail trading popularity, crypto payments remain illegal in Thailand, with daily trading volumes on Bitkub reaching $65 million.
This regulatory change is intended to strengthen investor protection and market inclusiveness while promoting portfolio diversification through recognized digital assets. The SEC emphasizes improved risk management as a key benefit of this initiative.
With daily trading volumes at $65 million on Bitkub, the recognition of digital assets marks a significant step towards integrating them into mainstream finance in Thailand.
