• 16 October, 2024
Market News SEC

Thai SEC Allows Mutual & Private Funds for Crypto Investment

Thailand's SEC has proposed new rules allowing mutual and private funds to invest in digital assets, aiming to align with global trends and meet growing institutional demand. The regulations focus on offering crypto products like ETFs to large investors. This move comes as international interest in digital assets surges, prompting the need to update Thailand's outdated framework for mutual fund investments. However, the rules would differ between high-risk assets and stablecoins to maintain a steady value.

Read Previous

Ex-Alameda CEO Caroline Ellison Settles with FTX

Read Next

A Bitcoin Whale from 2009 Sells $4.8M, Moves $624K to Kraken