"It sends a strong signal that Thailand is positioning itself as a forward-looking leader in Southeast Asia's digital economy,"
"The expansion of permissible goods and variables is designed to support emerging asset classes such as digital assets,"
"This will strengthen recognition of crypto as an asset class, enhance portfolio diversification, and improve risk management for investors."
Thailand's Cabinet approved allowing digital assets, including cryptocurrencies and tokens, to serve as underlying reference assets in derivatives and capital markets. The Securities and Exchange Commission will amend the Derivatives Trading Act to formally recognize digital assets for derivatives contracts and will develop licensing frameworks and detailed rules for derivatives brokers, exchanges, and clearinghouses. Licensed operators will be permitted to offer crypto-linked contracts such as futures and options under regulatory supervision. The SEC is coordinating with the Thailand Futures Exchange to finalize contract specifications tailored to digital-asset risk characteristics. Carbon credits are being reclassified as goods to enable physically delivered carbon credit futures alongside cash-settled contracts.
Read at Bitcoin Magazine
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