Thailand moves to Integrate crypto into local derivatives market

Thailand's Securities and Exchange Commission (SEC) announced plans to integrate digital assets, including cryptocurrencies, into the country's regulated derivatives market by expanding the range of permissible underlying assets. This follows the Cabinet's approval to align the market with international standards while ensuring robust supervision and investor protection. The changes formally recognize digital assets as a legitimate asset class for underpinning regulated derivatives, potentially allowing contracts like futures or options tied to assets such as bitcoin on platforms like the Thailand Futures Exchange (TFEX). SEC Secretary-General Pornanong Budsaratragoon stated this expansion aims to promote inclusive market growth, facilitate diversification, and expand investment opportunities. The next steps involve the SEC drafting supporting regulations, amending business licenses for digital asset operators, and reviewing frameworks for exchanges and clearing houses. This move is part of Thailand's broader strategy to establish itself as a regional hub for the digital economy.

(Source：The Block)