Thailand’s SEC is exploring spot Bitcoin ETF listings for local exchanges, potentially offering direct exposure to Bitcoin for retail and institutional investors for the first time. SEC Secretary-General Pornanong Budsaratragoon told Bloomberg on January 14, “We have to adapt and ensure that our investors have more options in crypto assets with proper protection.” Currently, Thai investors can access Bitcoin ETFs only through funds like One Asset Management’s overseas-focused fund.
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Polymarket Faces Legal Trouble in Thailand
Meanwhile, Thai authorities are cracking down on Polymarket, a blockchain-based prediction market. The Technology Crime Suppression Division (TCSD) announced plans to shut down the platform, labeling it illegal gambling. Police Lieutenant General Trairong Phiwpaen noted that crypto gambling complicates enforcement due to blockchain’s anonymity.
Broader Crypto Adoption in Thailand
Ranked 16th globally in crypto adoption by Chainalysis, Thailand is expanding its crypto-friendly initiatives. Proposals like Bitcoin sandboxes in Phuket and government bond-backed stablecoins could further boost the country’s digital asset ecosystem, signaling a mix of regulatory scrutiny and innovation.
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