Thailand SEC Proposes Allowing Retail Investors to Trade Regulated Overseas Crypto Derivatives
OdailyOdaily News: The Securities and Exchange Commission (SEC) of Thailand has proposed allowing intermediaries to offer retail investors trading services for certain overseas digital asset derivatives. The products must be similar to crypto derivatives traded in Thailand, covering underlying assets, expiration times, leverage levels, and settlement methods.
The proposed products must also be traded on exchanges that use central counterparty clearing mechanisms and are subject to supervision by designated international regulatory or trading organization members. The Thai SEC officially listed cryptocurrencies and digital tokens as permitted derivative underlying assets on March 5 and is discussing contract details with the Thailand Futures Exchange.
Overseas crypto derivatives that do not meet the proposed conditions may only be offered to institutional investors. The public consultation period will last until September 30, and the Thai SEC has not yet announced the implementation date of the amendments. (Cointelegraph)
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