Thailand navigates crypto with Bitcoin ETF ambitions and Polymarket scrutiny
Thailand is ramping up its involvement in the crypto space with two contrasting regulatory moves.
Media reports in the Asian nation have revealed that it is weighing the approval of Bitcoin exchange-traded funds (ETFs) while considering a ban on Polymarket.
Bitcoin ETF
The Thai Securities and Exchange Commission (SEC) is reportedly considering introducing spot Bitcoin ETFs on local exchanges.
According to SEC Secretary-General Pornanong Budsaratragoon, the global rise in crypto adoption leaves little room for hesitation. She emphasized the need to adapt by providing secure and diverse crypto investment options.
She reportedly said:
“Like it or not, we have to move along with more adoption of cryptocurrenices worldwide. We have to adapt and…
