Thailand SEC Proposes Opening Overseas Crypto Derivatives to Retail Investors
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Thailand’s Securities and Exchange Commission is proposing to allow retail investors to access overseas cryptocurrency derivatives.
Cointelegraph reported on September 1 that the Thai SEC had released draft rule changes that would let intermediaries offer retail investors access to certain overseas digital-asset derivatives.
Under the proposal, eligible products must be similar to crypto derivatives traded in Thailand in terms of the underlying asset, maturity, leverage and settlement method. The exchanges listing those products must also have a central clearing system and be overseen either by an international regulator or by a regulator that belongs to an exchange association.
The proposal is the latest step in Thailand’s push to bring crypto-linked products into regulated capital markets. On March 5, the Thai SEC formally allowed cryptocurrencies and digital tokens to serve as underlying assets for derivatives, and it is now discussing contract details with the Thailand Futures Exchange.
Overseas crypto derivatives that do not meet the proposed standards would be limited to institutional investors. The Thai SEC said institutional investors are better equipped to assess and manage complex, higher-risk products.
The public consultation will run through September 30. The Thai SEC did not say when the revised rules would take effect.
