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Thailand's SEC Boosts Crypto Landscape with Bitcoin ETF and Tax Breaks

Thailand's SEC is making big moves to attract crypto investors. A new Bitcoin ETF and tax breaks could make the country a regional crypto hub.

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Thailand's SEC Boosts Crypto Landscape with Bitcoin ETF and Tax Breaks

Thailand's Securities and Exchange Commission (SEC) is boosting the country's crypto landscape. In June 2024, it approved One Asset Management to launch a fund-to-fund Bitcoin price ETF, with plans to expand beyond Bitcoin and into other digital assets.

The Thai SEC is pushing to make Thailand a regional crypto hub. It's drafting rules for local mutual funds and institutions to offer digital asset-based ETFs by early 2026. To attract tourists and drive adoption, the SEC and Bank of Thailand launched a crypto sandbox in popular areas.

The SEC is also preparing new rules to allow spot crypto-based ETFs, expanding the lineup beyond Bitcoin. Meanwhile, Deputy Finance Minister proposed a five-year capital gains tax exemption on digital assets, starting January 2025. The SEC is considering listing local spot Bitcoin price ETFs to strengthen the market.

Thailand's SEC is actively promoting digital assets. It's expanding ETF offerings, encouraging institutional investment, and creating a tax-friendly environment for Bitcoin price. These moves aim to make Thailand a leading crypto destination in the region.

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