Thailand crypto ETF push expands beyond bitcoin – report
Thailand is working to expand its domestic cryptocurrency exchange-traded fund (ETF) plans beyond bitcoin to include other digital tokens, with the rollout expected early next year, according to the market regulator.
The Securities and Exchange Commission (SEC) and other agencies are drafting rules for new ETFs that would be offered by local mutual funds and institutions, Pornanong Budsaratragoon, the SEC’s secretary general, said, elaborating on the plans announced earlier this year, Bloomberg reported.
“Our possibility now is to broaden the criteria for the crypto such as a basket of cryptocurrencies,” Pornanong was quoted saying in an interview Wednesday. “We want to have broader supply of those crypto assets in…
