Thailand is taking a major step toward integrating digital assets into its regulated financial markets.
The country’s Cabinet recently approved a proposal allowing digital assets, including cryptocurrencies and tokens, to be used as underlying assets in the derivatives and capital markets. The decision reflects a growing recognition that digital assets are evolving beyond speculative instruments into a legitimate asset class capable of reshaping capital markets.
Nirun Fuwattananukul, chief executive of Binance Thailand, described the move as a “watershed moment” for the country’s capital markets. “It sends a strong signal that Thailand is positioning itself as a forward-looking leader in Southeast Asia’s digital economy,” he told the Bangkok Post.
Under the plan, the Securities and Exchange Commission (SEC) will amend the Derivatives Trading Act to formally recognize digital assets as reference assets for derivatives contracts.
This expansion allows licensed operators to offer contracts tied to crypto, like futures and options, under appropriate regulatory supervision.
Read more: bitcoinmagazine.com
Source: CRYPTO WORLD NETWORK NEWS
