The Securities and Exchange Commission of Thailand (SEC) proposes allowing intermediaries to provide crypto derivatives trading services abroad to eligible individual investors.

These products must be equivalent to crypto derivatives in Thailand in terms of underlying assets, maturity, leverage, and settlement method. Products that do not meet the criteria may only be offered to institutional investors.

Crypto derivatives abroad must also be traded on exchanges that use a central counterparty clearing mechanism and are supervised by international regulatory bodies or members of a group that owns the trading exchange.

On March 5, the Thai SEC officially allowed cryptocurrencies and digital tokens to be used as underlying assets for derivatives. The agency is discussing contract specifications with the Thailand Derivatives Exchange; the public consultation period will last until September 30.

Source: https://tintucbitcoin.com/sec-thai-lan-de-xuat-cho-phep-nha-dau-tu-nho-le-giao-dich-phai-sinh-crypto-o-nuoc-ngoai/

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