Published on March 12, 2024 08:45 GMT+00:00edited on March 12, 2024 08:54 GMT+00:00

Thailand’s financial regulator has adjusted relevant regulations to allow investments in U.S. spot bitcoin exchange-traded funds (ETFs) for professional investors, according to local media.

The Bangkok Post reported today that Thailand’s Securities and Exchange Commission has permitted asset management firms to launch funds for investing in U.S. spot bitcoin ETFs available for institutional investors.

Pornanong Budsaratragoon, the SEC Secretary-General, stated in an interview with a local newspaper that there have been requests from asset management firms to permit them to invest in crypto assets. Budsaratragoon emphasized, “but we need to consider carefully whether to allow asset management firms to invest in digital assets directly due to the high risk.”

The local regulator’s move …