Thailand SEC Proposes New Crypto Investment Rules for Mutual and Private Funds

The Securities and Exchange Commission of Thailand (SEC) has proposed new crypto investment rules for mutual funds and private equity funds. These new guidelines are aimed to bring changes to investment in digital assets and ensure they align with international developments and the growing interest of institutional investors.

SEC’s proposal is currently seeking public feedback to reform the standards for fund investments in digital assets. As per the proposal, SEC intends to allow securities firms and asset management firms to offer services to large investors interested in diversifying their investments into crypto-related products, like exchange-traded funds (ETFs).

Following the suit of the US ETF market, the regulator said the goal is to align investment frameworks with international digital asset developments and provide investors with more portfolio diversification opportunities under expert management.

Thai SEC further noted that while Thai investors could easily access crypto ETFs abroad, the current framework for mutual funds, which has been in place since 2015, does not keep up with changing digital asset investing scenarios overseas.

Thai SEC’s decision comes in wake of surge in international demand for the U.S. listed Bitcoin and Ethereum(ETH) ETFs. As of Oct 9, the cumulative total net outflow for ETH ETF is $561.85 Million and the cumulative total net inflow for Bitcoin ETF is $18.68 Billion.

Also Read: Hong Kong Completes the First Phase of Crypto Trading Platforms Review