Thai SEC: No plans to allow spot Bitcoin ETF locally

2024-01-16 11:59:23

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ChainCatcher news, the Thai Securities and Exchange Commission stated that it does not have a policy allowing securities companies to establish spot Bitcoin ETFs in the country, and noted that such financial products established overseas are not within its regulatory scope. The Thai Securities and Exchange Commission stated that the development of spot Bitcoin ETFs in the United States is still in its early stages, and the regulator also emphasized the importance of operator responsibility for investor protection.

In a statement on Tuesday, the Thai Commission stated that mutual funds managed by asset management companies are not allowed to directly invest in spot Bitcoin ETFs. Prior to this statement, the U.S. Securities and Exchange Commission approved mutual funds to establish spot Bitcoin ETFs, after which some Thai brokerage firms released messages suggesting that clients could directly invest in such products.

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