Thailand Updates Crypto Rules - Removes Limits, Expands Oversight, With Custody and Approval Safeguards
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Thai SEC updated framework removes investment limits for retail investors in asset-backed tokens, creates custodial wallet rules, and expands SEC oversight.
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Rules require custodial wallets be provided by public companies with securities storage experience.
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Firms looking to expand must get SEC approval to ensure regulatory alignment.
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Thailand chose not to allow spot bitcoin exchange-traded funds, similar to South Korea's stance.
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Binance Thailand launch in January may support further crypto growth in Thailand under SEC supervision.