Thailand's Securities and Exchange Commission (SEC) is proposing new regulations to allow mutual and private funds to invest in cryptocurrency products, addressing growing institutional interest.
The October 9 proposal permits these funds to invest in U.S.-listed crypto exchange-traded funds (ETFs) and introduces “investment tokens” similar to stocks and bonds.
Key aspects include a 15% allocation limit for retail mutual funds in crypto, while institutional and high-net-worth investors would face no caps.
The SEC will also revise criteria for managing crypto funds and plans to allow ICO portals to collaborate with third-party firms for fundraising.
To enhance market oversight, penalties for practices like naked short-selling will increase.
The SEC is also launching a Digital Asset Regulatory Sandbox for ten firms to test crypto-to-local currency exchanges, potentially paving the way for cryptocurrency payments, which are currently banned.
Despite regulatory challenges, retail crypto trading remains strong, with Bitkub, the largest exchange, reporting nearly $30 million in daily volume.
Bitvavo, Europe’s largest euro-denominated spot crypto exchange, has officially received a MiCA license from the Dutch Authority for the Financial Markets (AFM), allowing the firm to operate across all 27 European Union member states.
In just two months, crypto tax platform CoinLedger observed a staggering 700% surge in the number of U.S. users receiving IRS warning letters, signaling a sharp escalation in federal tax enforcement targeting digital asset holders.
Ripple CEO Brad Garlinghouse announced Friday that the company is officially dropping its cross-appeal in its long-running legal battle with the U.S. Securities and Exchange Commission (SEC), signaling a final move toward ending the years-long case.
Cryptocurrency exchange Gemini has announced the launch of tokenized MicroStrategy (MSTR) stock for customers in the European Union, enabling onchain access to one of the most prominent Bitcoin-related equities.