Thailand Could Allow Mutual and Private Funds to Invest in Cryptos
Thailand’s SEC has proposed draft regulations that would permit mutual and private funds to invest in cryptocurrencies.
The proposal, announced on Wednesday, is open for public feedback and would revise the investment criteria for mutual funds in regards to digital assets.
This proposal comes at a time when interest in cryptocurrency investment is on the rise. Thailand, known to be a crypto-friendly country, ranks 10th globally in terms of crypto adoption.
The SEC stated that the funds will be permitted to invest in crypto ETFs listed on US exchanges. Additionally, the proposed regulation would allow funds to choose investment tokens, which have sparked the interest of Thai investors.
“Under the proposed regulations, funds will be able to invest in investment tokens while still adhering to traditional securities investment limits, such as single entity, group, and concentration limits.”
