Thailand SEC Opens Door to Bitcoin and Ethereum ETFs
The 80% single-asset rule and Thai-custodian mandate put local fund managers in pole position as Thailand taps into the $60B US crypto ETF playbook.
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The 80% single-asset rule and Thai-custodian mandate put local fund managers in pole position as Thailand taps into the $60B US crypto ETF playbook.
The rate removes a direct tax cost for investors and strengthens Thailand's pro-adoption signal to crypto businesses.
The exchange made customers whole by October 2021, but the regulator's criminal referral over disclosure failures now lands as the precedent Thai-licensed venues will be measured against.
The scope spans cash, bullion, and the dominant offshore stablecoin, signaling Bangkok is treating USDT rails as money-laundering infrastructure rather than a crypto novelty.
The case ties stolen electricity, computer-crime charges, and a prior US seizure of roughly $500K in crypto from an account in Wang Yicheng's name.
Thai authorities have raided an illegal Bitcoin mining operation after investigators uncovered more than $81,000 worth…