Thailand's Securities and Exchange Commission is considering allowing mutual and private funds to invest in cryptocurrency products to meet the rising demand from institutional investors. The proposal suggests permitting funds to invest more in crypto exchange-traded funds (ETFs) listed on US stock exchanges. This move would enable securities firms and asset management companies to offer crypto products to large investors. The SEC plans to treat investment tokens similarly to traditional securities like stocks and bonds due to their comparable characteristics and risks. Different rules will apply to high-risk assets like Bitcoin, with retail mutual funds facing a 15% cap on crypto investments while institutional investors have no such limit. The SEC also aims to enhance regulations for managing funds investing in digital assets, including custody, valuation, disclosure, and advertising. Additionally, the regulator intends to increase penalties for market misconduct and unauthorized crypto exchanges. The SEC is also exploring a Digital Asset Regulatory Sandbox involving ten private firms to trial crypto-to-fiat exchanges, potentially paving the way for legal crypto payments in Thailand. Read more AI-generated news on: https://app.chaingpt.org/news

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