Thailand to Expand ETF Plans Beyond Bitcoin, Reports Bloomberg
Thailand's Securities and Exchange Commission (SEC) is expanding its exchange-traded funds (ETFs) plans to include a broader range of cryptocurrencies beyond Bitcoin.
The SEC will allow local mutual funds and institutions to issue ETFs that encompass a basket of cryptocurrencies.
The initiative aims to attract young investors who seek cryptocurrency as a portfolio diversification tool.
Thailand is also progressing with digital asset initiatives like "G-Tokens," which are tokenized government bonds.
