The Thai SEC has proposed new regulations to allow mutual and private funds to invest in digital assets, aiming to align with global trends and meet rising institutional interest.
In an effort to align with international developments and address the increasing interest from institutional investors, the Thai Securities and Exchange Commission (SEC) has proposed new regulations that would permit mutual and private funds to invest in digital assets.
The public is being solicited for feedback on revisions to the criteria for funds that invest in digital assets in a draft proposal published on Wednesday.
The Securities and Exchange Commission (SEC) is considering allowing asset management firms and securities companies to provide services to institutional investors interested in diversifying their portfolios with crypto-related products, including exchange-traded funds.
The regulator’s objective is to ensure that its regulations are consistent with international trends in digital assets and to provide investors with additional opportunities to diversify their portfolios using expert management, according to the statement.
This resulted from a significant increase in international interest and demand for US-listed Bitcoin and Ethereum ETFs, which were approved for trading in January and May, respectively.
The regulator observed that Thai investors could already access crypto ETFs abroad; however, the current framework for mutual funds, which has existed since 2015, has not kept pace with the changes in digital asset investing overseas.
“The SEC Office sees fit to adjust the criteria for accepting investment in digital assets to be consistent with international development,” a rough translation of the proposal reads.
