**Thailand Launches Crypto Regulatory Sandbox**

Thailand's Securities and Exchange Commission (SEC) has unveiled a new initiative, the Digital Asset Regulatory Sandbox, to foster innovation in the crypto space. Launched on August 9, this sandbox allows participants to test and develop digital asset services under flexible regulations.

Key Points:

- The sandbox is open to digital asset exchanges, brokers, dealers, fund managers, advisers, and custodial wallet providers.

- Participants must meet specific criteria, including capital adequacy and management structure.

- The testing period is capped at one year, with possible extensions.

This move aligns with Thailand's recent crypto-friendly stance, including tax breaks and the approval of a Bitcoin ETF.