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Binance Thailand’s chief executive described Thailand’s recent regulatory approval for crypto-linked trading as a “watershed moment” for the country’s capital market, saying crypto assets are increasingly viewed as a new asset class rather than purely speculative instruments.
The Thai government has approved a proposal from the Ministry of Finance to allow crypto assets to be used as underlying assets on derivatives and equity markets. According to the Bangkok Post, the initiative is intended to modernize Thailand’s derivatives market to international standards, strengthen the supervisory framework and investor protection, and support the country’s goal of becoming an institutional crypto trading hub in the region.
The Thai Securities and Exchange Commission will amend the derivatives law to add new asset classes, including cryptocurrencies such as Bitcoin and carbon credits.
Binance Thailand chief executive Nirun Fuwattananukul said the official recognition of crypto assets reflects a shift in Thailand’s market orientation: “This is an emerging asset class with the potential to reshape the fundamentals of the capital market.” He added that the move signals Thailand is aiming to lead the digital economy in Southeast Asia.
The strategy also aligns with plans to launch Bitcoin futures contracts and ETF products at the Stock Exchange of Thailand in 2026. Alongside this, Thailand is targeting institutional investors and the wealthy financial sector as it expands its approach to developing the cryptocurrency market.
Secretary-General Pornanong Budsaratragoon said expanding underlying assets is expected to enhance crypto recognition, broaden market coverage, diversify portfolios, and improve risk governance for investors.
Despite the broader market framework, Thailand still bans payments in cryptocurrency. Consumer use of stablecoins also remains restricted.
Earlier this year, Thailand launched a tourist app that allows users to convert cryptocurrency to local currency, but it requires strict identity verification and limits use to licensed stores. The country also launched a crackdown on “gray money,” with cryptocurrency included as part of anti-money laundering efforts.
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