Thailand’s about to turn its ETFs into a crypto buffet. The SEC just dropped a hint: Bitcoin isn’t the only guest at this party. Altcoins, Solana, Ethereum-oh, and *maybe* XRP-are all getting VIP invites. Because why not? The demand’s there, and let’s be honest, investors love a good gamble.
Thailand SEC: “Bitcoin’s Cool, But Where’s the Drama?”
Secretary Pornanong Budsaratragoon (yes, that’s a real name) declared war on crypto monotony. Bloomberg’s got the tea: ETFs for Ethereum and Solana are on the menu. And guess what? They’re “working hand-in-hand” with regulators to draft rules by 2026. Because nothing says “urgency” like a four-year timeline. 🕒
“We’re expanding the crypto buffet,” said Budsaratragoon, “because Bitcoin’s starting to feel like a one-trick pony.” The SEC’s now drafting rules that’ll let mutual funds and institutions serve up a smorgasbord of digital assets. Fingers crossed they don’t burn the kitchen down.
Crypto ETFs: Thailand’s Version of a “Low-Risk” Investment
The new framework promises custody standards, listing rules, and market surveillance. Because nothing says “trust” like a government agency watching you trade Dogecoin. Investors, both local and foreign, can now sip their green tea while speculating on the next crypto crash. 🍵💥
Budsaratragoon hinted at “broadening the criteria for crypto,” which probably means adding enough tokens to confuse even the most seasoned HODLer. “A broader supply of crypto assets” – aka, more ways to lose money. Because why stick to one disaster when you can diversify? 🤷♂️
Thailand: The Crypto Hub You Never Asked For 🏝️
The Thai government’s dream? To be the Dubai of crypto. By 2025, 15% of the population’s already playing with crypto like it’s Monopoly money. They’ve thrown in TouristDigiPay, tax exemptions, and investor protection measures. Because nothing attracts tourists like a country that’s basically a crypto-themed resort.
If the SEC pulls off its “multi-token basket” by 2026, Thailand might just become the next big thing. Or, you know, another cautionary tale. Either way, it’s going to be a wild ride. Buckle up, crypto bros. 🚀
Read More
- Grayscale’s Big Boss Barry Silbert Returns With Big Plans and Even Bigger Drama
- SOL PREDICTION. SOL cryptocurrency
- Gold Rate Forecast
- Brent Oil Forecast
- Silver Rate Forecast
- Justin Sun’s $100M TRUMP Token Buy: A New Era of Crypto Politics 🤑
- USDT Says Au Revoir to Five Blockchains 🚫
- USD HKD PREDICTION
- Chainlink’s Data Streams: The $30T RWA Rollercoaster You Didn’t Know You Needed 🎢💸
- ETH’s Bullish Tango: $4K, Here We Come! 🚀💰
2025-10-03 13:35