The post Thailand’s SEC Considers New Regulations for Mutual Funds to Explore Bitcoin and Digital Assets: Opportunities Await appeared on BitcoinEthereumNews.com.

The Thai Securities and Exchange Commission (SEC) is taking substantial steps to integrate digital assets into the investment framework by proposing new regulations for mutual and private funds. This initiative aims to meet the heightened institutional demand for crypto investments and aligns Thailand with global trends in digital asset management. “The SEC Office sees fit to adjust the criteria for accepting investment in digital assets to be consistent with international development,” the proposal indicates, underscoring its commitment to evolve with the crypto landscape. This article explores the Thai SEC’s proposed regulations for digital assets, aiming to create a structured approach for institutional investors while ensuring risk management and compliance. Proposed Regulations for Digital Asset Investments The Thai SEC’s recent proposal signifies a pivotal shift in regulatory attitudes toward digital currencies, aiming to enhance the investment landscape for mutual and private funds. The SEC’s draft highlights the intent to incorporate digital assets—namely Bitcoin and Ethereum—into traditional investment portfolios, reflecting a broader global trend where institutional investors are increasingly diversifying their portfolios with crypto-related assets. Key Features of the Proposal One of the central elements of the proposal is to facilitate offerings by securities companies and asset management firms targeting large investors interested in crypto investments. This is particularly significant given the recent uptick in demand for U.S.-listed Bitcoin and Ethereum exchange-traded funds (ETFs), which were made available for trading earlier this year. The SEC aims to establish a framework allowing Thai investors to access similar investment products domestically, thereby enhancing the overall investment infrastructure. Regulatory Framework and Investment Guidelines The SEC’s draft proposal differentiates between high-risk digital assets and more stable cryptocurrencies, a move that aims to provide a transparent regulatory framework for investors. Retail mutual funds may be limited to a 15% allocation in digital assets, while funds targeting institutional…

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Filed under: News - @ October 10, 2024 3:23 am