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.
The U.S. Securities and Exchange Commission has made it clear it will no longer involve itself in regulating memecoins—tokens often driven by internet culture, hype, and political branding.
Efforts to bring much-needed legal structure to the U.S. digital asset market took a leap forward with the introduction of the Digital Asset Market Clarity Act—a bill designed to lay the groundwork for coherent crypto regulation.
Thailand is preparing to weave digital assets into its tourism and financial infrastructure, starting with a pilot program that would let visitors pay in crypto through card-linked platforms.
Leading voices in the digital asset space are calling on U.S. regulators to break their silence on staking.