Thailand Plans Wider Crypto ETFs Beyond Bitcoin

Core Viewpoint - Thailand's SEC is developing regulations to expand cryptocurrency ETFs beyond Bitcoin, aiming to enhance investment opportunities in the digital asset space [2][5]. Group 1: Expanded Crypto ETFs - The SEC is drafting regulations that would allow mutual funds and institutional investors to create cryptocurrency ETFs that include a basket of cryptocurrencies [2]. - Currently, Thai investors can only access crypto by purchasing tokens directly or through licensed asset managers using overseas ETFs, but the new initiative will enable domestic offerings of crypto ETFs [3]. - This move is part of a broader strategy to make tokenized instruments mainstream investment options, especially as younger investors seek alternative assets [4]. Group 2: Regulatory Oversight - The SEC is pursuing stronger enforcement measures, including a proposed bill that would allow it to suspend transactions upon detecting irregularities and investigate cases like insider trading [6][7]. - The SEC's enforcement currently relies on limited police resources, and expanding its authority is deemed essential for restoring investor confidence [7]. - New regulatory changes require all licensed digital asset businesses to use SEC-approved auditors, effective October 2025, to strengthen internal controls and enhance investor protection [8]. Group 3: Strategic Objectives - The initiatives reflect the SEC's dual strategy of expanding investment opportunities while reinforcing institutional safeguards to support these opportunities [9].