Thailand’s Crypto Regulatory Moves: Bitcoin ETF Approval and Polymarket Ban
Introduction
Thailand is making significant strides in the crypto space with two contrasting regulatory decisions that have garnered attention in the Asian nation.
Bitcoin ETF Approval
The Thai Securities and Exchange Commission (SEC) is reportedly considering the introduction of spot Bitcoin ETFs on local exchanges to keep up with the global rise in crypto adoption.
- SEC Secretary-General emphasizes the need for diverse crypto investment options
- Blistering success of Bitcoin ETF products in the US
- One Asset Management’s ‘fund of funds’ offering exposure to international Bitcoin ETFs
Polymarket Ban?
While supporting regulated crypto advancements, Thai authorities are also considering banning Polymarket, accusing it of operating as an illegal gambling site.
- Thailand’s Cybercrime Investigation Bureau’s recommendation to ban Polymarket
- Concerns about crypto misuse in unlawful activities
- Polymarket’s role in decentralized prediction markets and recent controversies
- Increased regulatory attention in Singapore