Thailand’s proactive approach to digital asset regulation is set to usher in a “new era of adoption and legitimacy,” according to Binance Thailand CEO, Nirun Fuwattananukul. Writing for the Bangkok Post, Fuwattananukul emphasized that Thailand’s recent regulatory proposals are advancing at the “right moves at the right time” to encourage institutional participation in the crypto sector.
Thailand’s Securities and Exchange Commission (SEC) recently announced draft regulations that would allow mutual and private funds to invest in cryptocurrency, which Fuwattananukul described as a “progressive move” in step with global trends. He added that these changes would foster “broader acceptance and maturity” within Thailand’s cryptocurrency market.
Institutional Crypto Investments to Gain Traction
The SEC’s proposal is currently open for public feedback, aiming to update mutual funds’ investment criteria in crypto assets. Under this framework, institutional investors would be able to invest in crypto ETFs without any limit on investment size. As a result, Fuwattananukul noted, institutional interest will likely increase, propelling mainstream adoption of digital assets in Thailand.
Fuwattananukul sees this as part of a larger transition, marking Thailand’s move from retail-centric to institutionally focused digital asset growth, which he believes could position the country as Southeast Asia’s fintech hub. He added that increased institutional participation could lead to “higher liquidity and more stable price points” in Thailand’s crypto market.
Thailand’s Strategic Steps in Crypto Regulation
Thailand’s SEC has been advocating for flexible yet forward-looking crypto regulations. The country has taken steps to restrict unauthorized crypto platforms, reinforcing investor protection. Thai state authorities have also emphasized the need for regulation around peer-to-peer (P2P) crypto transactions to enhance market security.
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