According to a March 12 report from the Bangkok Post, Thailand is giving major investors the green light to pour money into spot Bitcoin ETFs in the US.

Specifically, the Thai Securities and Exchange Commission (SEC) has adjusted some regulations, allowing private investment funds to pour capital into Bitcoin ETFs traded in the US.

This decision is based on the SEC classifying spot Bitcoin ETFs as securities, to pave the way for Thai securities companies to invest, however only for institutional investors and valuable individuals. super high net.

Asset management companies in Thailand are also asking the SEC to allow them to include digital assets, especially Bitcoin and Bitcoin ETFs, in their investment portfolios, although the SEC is still cautious.

Ms. Pornanong, the SEC official, noted that allowing asset management companies to invest directly in digital assets needs to be carefully considered due to high risks.

On the other hand, the current framework for investment activities of asset management companies does not yet include Bitcoin ETFs. Therefore, the SEC needs to continue to adjust regulations to facilitate investment in private Bitcoin ETFs, through private investment funds.

The move by the Thai SEC is said to be the right time to pave the way for investors after recent fluctuations in Bitcoin prices. Bitcoin continues to hit record highs, trading at more than $72,500 per coin on Wednesday.

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