Thailand's SEC Breaks New Ground in 2024 With Crypto-Friendly Rules
Summary
Thailand's SEC has updated its regulations to be more crypto-friendly, removing investment limits for retail investors in asset-backed tokens and creating new rules for custodians. The SEC will play a larger role in monitoring digital asset businesses and requires dedicated entities for custodial wallet management. The agency must approve expansion plans of firms in the digital asset sector. Thailand's SEC has chosen not to allow spot bitcoin exchange-traded funds, following a cautious approach similar to South Korea's. Binance Thailand's launch is expected to strengthen the country's crypto growth.
