Thailand’s Securities and Exchange Commission (SEC) has kicked off public consultations on draft rules to allow exchange-traded funds (ETFs) based on Bitcoin and Ether. The regulator is also proposing standards for foreign digital asset custodians looking to work with local ETFs.

Public Consultation on Crypto ETF Rules

The Thai SEC is inviting market participants to weigh in on the potential listing of Bitcoin and Ether ETFs on the local market. The consultation covers proposed requirements for ETF structures and lays out investor protection mechanisms.

Requirements for Foreign Custodians

The draft rules specifically outline qualification standards for foreign firms offering crypto custody services. The SEC wants to set criteria these custodians must meet to ensure investor funds are kept safe.

What This Could Mean for Thailand’s Market

The SEC’s move could open up new opportunities for Thai investors and spark more interest in crypto on a regulated playing field. The consultation will run for a set period, after which the regulator will make its final call on the rules.