EddieJayonCrypto

 16 Jan 25

tl;dr

Thailand is considering approving Bitcoin exchange-traded funds (ETFs) while also contemplating a ban on Polymarket to regulate its involvement in the crypto space. The Thai Securities and Exchange Commission (SEC) is exploring the introduction of spot Bitcoin ETFs on local exchanges to provide secu...

Thailand is considering approving Bitcoin exchange-traded funds (ETFs) while weighing a ban on Polymarket to regulate its involvement in the crypto space. The Thai Securities and Exchange Commission (SEC) is exploring the introduction of spot Bitcoin ETFs on local exchanges to provide secure and diverse crypto investment options amid global crypto adoption. Meanwhile, Thai authorities are considering banning Polymarket for operating as an illegal gambling site to reduce crypto misuse in unlawful activities. These regulatory moves reflect Thailand's efforts to navigate the crypto landscape. Thailand is ramping up its involvement in the crypto space with two contrasting regulatory moves. The Thai Securities and Exchange Commission (SEC) is reportedly considering introducing spot Bitcoin ETFs on local exchanges. According to SEC Secretary-General Pornanong Budsaratragoon, the global rise in crypto adoption leaves little room for hesitation. This move is unsurprising, considering the blistering success Bitcoin ETF products have enjoyed since their launch in the US last year. While Thai authorities support regulated crypto advancements, they are also taking a firm stance against platforms deemed harmful. Thailand’s Cybercrime Investigation Bureau has reportedly recommended banning Polymarket, accusing it of operating as an illegal gambling site. The authorities argue restricting access to Polymarket would reduce crypto misuse in unlawful activities and safeguard the economy from potential risks. These efforts showcase Thailand's proactive approach to regulating its crypto landscape. This insightful article demonstrates Thailand's proactive stance in regulating its involvement in the crypto space, providing readers with a comprehensive overview of the country's evolving regulatory landscape.

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 17 Jan 25
 17 Jan 25
 17 Jan 25