Thailand is pushing forward to include cryptocurrencies in the regulated derivatives market

Mars Finance News: On February 12, Thailand is advancing the integration of cryptocurrencies into its regulated derivatives market. The Thai Securities and Exchange Commission recently announced that, in accordance with derivatives regulatory rules, it will expand the scope of permitted underlying assets to include digital assets and carbon credits. This move follows the approval of a proposal by the Thai cabinet. The proposal aims to align Thailand’s derivatives market with international standards while maintaining strong regulation, risk mitigation, and investor protection measures. This adjustment by the Thai SEC officially recognizes digital assets (including cryptocurrencies) as a legitimate asset class eligible to serve as underlying assets for regulated derivatives. This means that in the future, platforms such as the Thai Futures Exchange may offer futures, options, and other contract products linked to assets like Bitcoin. The Thai SEC plans to develop supporting regulatory rules, including revising derivatives business licenses to allow licensed digital asset operators to offer contract products anchored to digital assets. The agency will also review licensing and regulatory frameworks for derivatives exchanges and clearinghouses to accommodate the demand for crypto assets as new underlying products. Additionally, the Thai SEC stated it will collaborate with the Thai Futures Exchange to finalize specifications for contract products anchored to digital assets to support risk management and practical market applications.