Thailand is taking a major step toward advancing its crypto futures market. 

On the 20th of April, Thailand’s Securities and Exchange Commission (SEC) proposed a revision of the current licensing framework for derivatives business to incorporate crypto firms. According to the regulator, the move would: 

Allow digital asset business operators to apply for derivatives business licenses without the need to establish new legal entities.

Additionally, the watchdog said that the proposal would enhance broader recognition of crypto assets as an investment class and empower investors with extra options for risk hedging.  

With the changes, the SEC has also sought revised financial reporting to strengthen regulatory oversight of the…