The Thai Securities and Exchange Commission (SEC) has recently released two important draft regulatory proposals for the cryptocurrency industry for public consultation. They are:
1. A draft regulatory framework law for establishing crypto exchange-traded funds (crypto ETFs) in Thailand
2. Proposed principles to revise the qualification requirements for foreign digital asset custodians (DA custodians) hired by mutual funds (MFs) and private funds (PFs) that invest in digital assets
The Thai SEC said that the main purpose of introducing these two proposals is to broaden investors’ investment options, improve the business operating capabilities of industry practitioners, and further promote product diversification in Thailand’s capital market. At the same time, it will also establish unified and standardized requirements for offshore custody of digital assets for various related funds.
From a global perspective, more and more countries and regions are gradually完善ing regulatory frameworks related to crypto assets and rolling out compliant investment products. This is both a response to market demand and a sign that crypto assets are being progressively accepted into the traditional financial system. Compliant development has become an irreversible trend in the industry.
#加密ETF #泰国SEC #crypto regulation
1. A draft regulatory framework law for establishing crypto exchange-traded funds (crypto ETFs) in Thailand
2. Proposed principles to revise the qualification requirements for foreign digital asset custodians (DA custodians) hired by mutual funds (MFs) and private funds (PFs) that invest in digital assets
The Thai SEC said that the main purpose of introducing these two proposals is to broaden investors’ investment options, improve the business operating capabilities of industry practitioners, and further promote product diversification in Thailand’s capital market. At the same time, it will also establish unified and standardized requirements for offshore custody of digital assets for various related funds.
From a global perspective, more and more countries and regions are gradually完善ing regulatory frameworks related to crypto assets and rolling out compliant investment products. This is both a response to market demand and a sign that crypto assets are being progressively accepted into the traditional financial system. Compliant development has become an irreversible trend in the industry.
#加密ETF #泰国SEC #crypto regulation