Thailand OKs Bitcoin ETFs as Restrictions on Listed Cryptos Ease Globally
Thai authorities have announced a shift in their approach to digital asset investment, permitting money managers to introduce private funds dedicated to U.S. Bitcoin spot exchange-traded funds (ETFs). However, this allowance extends solely to institutional investors and high-net-worth individuals. Though its usage is still restricted, retail cryptocurrency trading is nonetheless widespread in the nation. In 2022, the government prohibited the use of cryptos for payments, and in July last year, it prohibited their use for investment and lending. In an earlier stance articulated in January, regulatory bodies explicitly prohibited investment companies from directly engaging in Bitcoin ETFs for their clientele.…