Thailand’s securities regulator is proposing to allow private and mutual funds to invest in crypto currencies and assets, including crypto exchange-traded funds listed overseas, and to add investment tokens as an eligible asset for investment.
According to the Securities and Exchange Commission Thailand (SEC), the move is to “ensure fairness in the provision of foreign investment to high-net-worth investors through securities companies and asset management companies and to support asset allocation by fund managers”.
It noted that several Thai investors have shown interest in crypto ETFs since the funds were approved for trading by the US Securities and Exchange Commission in January this year.
“However, the current regulations concerning investment of private funds and mutual funds do not cover investment in digital assets. Therefore, the SEC deems it is appropriate to amend the regulations,” the regulator says in a statement on October 14.
The changes will be made taking into account the appropriate risk level for different types of investors.
For instance, high-net worth-investors will be able to invest in crypto-related funds without any limit, while retail investors will only be able invest in funds that have no more than 5% exposure to crypto assets.
The SEC is seeking public feedback on the proposals until November 8.
