Thailand's SEC approves digital assets as collateral for derivatives

According to Decrypt, the Thai cabinet has approved amendments to the Derivatives Act, allowing digital assets to be used as underlying instruments for regulated derivatives. Pornanong Budsaratragoon, Secretary-General of the Securities and Exchange Commission (SEC), stated that this move will "promote more inclusive market growth, facilitate diversification and more effective risk management, and expand investment opportunities for a broader range of investors."

The SEC will formulate subsequent rules to amend the derivatives license, enabling digital asset operators to offer crypto-related contracts and coordinate with the Thailand Futures Exchange (TFEX) to establish contract specifications.