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Bitcoin ETF

Bitcoin

<a href="https://optimisus.com/market/market-news/binance-and-gulf-innova-launched-binance-th-a-new-crypto-exchange-in-thailand/" rel="noopener noreferrer nofollow">Thailand</a>'s Securities and Exchange Commission (SEC) has declined to approve the trading of spot Bitcoin ETFs, indicating a cautious approach to these investment products.  
The decision comes after the recent approval of Bitcoin ETFs in the United States, including industry leader BlackRock.  
On January 17, local media reported that the Thai SEC is currently unprepared to support spot Bitcoin ETFs in the country.  
Despite the US approving 11 companies to launch Bitcoin ETFs, Thai authorities point to a lack of appropriate policies to facilitate such offerings domestically.  
While the United States has made significant progress in approving Bitcoin ETFs, <a href="https://optimisus.com/market/market-news/binance-announces-plans-for-crypto-exchange-in-thailand/" rel="noopener noreferrer nofollow">Thailand's SEC</a> has taken a cautious approach, emphasizing that current policies are not conducive to introducing these products in Thai markets.  
The regulatory body acknowledges global trends but emphasizes the importance of careful consideration before allowing such offerings in Thailand.  
Despite the temporary ban on Bitcoin ETFs, Thai investors can still invest in digital currencies via local, licensed exchanges.  
The Digital Assets Decree establishes a framework for fair and transparent trading, enabling investors to participate in the digital asset market.  
Furthermore, Thai securities companies retain the ability to offer their customers foreign investment products that are permissible under Thailand's regulatory framework. This gives investors access to a wide range of assets while remaining regulatory compliant.  
The Thai SEC announces its intention to closely monitor the global implementation and management of Bitcoin ETFs.  
This observatory approach aims to gather valuable insights that will help shape future cryptocurrency ETF policies in Thailand. 
The post <a href="https://optimisus.com/market/market-news/thailands-sec-says-no-to-bitcoin-etf-trading-while-allowing-digital-investments-through-local-exchanges/" rel="noopener noreferrer nofollow">Thailand’s SEC says no to Bitcoin ETF trading while allowing digital investments through local exchanges</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Thailand’s SEC says no to Bitcoin ETF trading while allowing digital investments through local exchanges

Optimisus

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