Thailand Moves to Cement Bitcoin and Digital Assets in Regulated Derivatives Market

Thailand's Cabinet has approved a proposal to allow digital assets, including cryptocurrencies, to serve as underlying assets in the country's derivatives and capital markets. This move, described as a "watershed moment" by Binance Thailand's CEO, aims to recognize digital assets as a legitimate asset class, enhance portfolio diversification, and improve risk management under regulatory supervision. The Securities and Exchange Commission (SEC) will amend the Derivatives Trading Act to formalize this, enabling licensed operators to offer crypto-based derivatives like futures and options. Furthermore, the amendments reclassify carbon credits as "goods" for futures trading. This follows recent moves by Thailand to establish a regulatory framework for Bitcoin ETFs and futures trading, positioning the nation as a potential Asian digital asset hub.

(Source：Bitcoin Magazine)