Thailand Approves Bitcoin for Derivatives Trading Markets

Thailand Approves Bitcoin for Derivatives Trading Markets — Cointelegraph.com News
Source: Cointelegraph.com News

Thailand’s government approved the Finance Ministry’s proposal to allow digital assets as underlying assets in the country’s derivatives and capital markets. The move aims to modernize the derivatives market in line with international standards, strengthen regulatory oversight and investor protection, and position Thailand as a regional hub for institutional crypto trading.

The Securities and Exchange Commission will amend the Derivatives Act to enable these new asset classes, which include Bitcoin (BTC) and carbon credits. "The decision to formally recognize digital assets, including cryptocurrencies and digital tokens [...] reflects a growing understanding that digital assets are no longer merely speculative instruments, but an emerging asset class with the potential to reshape the foundations of capital markets," said Nirun Fuwattananukul, chief executive of Binance Thailand.

Thailand

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