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Thailand's marketplace regulator says the state is moving connected expanding its exchange-traded funds (ETFs) plans beyond bitcoin (BTC), Bloomberg reported connected Thursday.
The country's Securities and Exchange Commission (SEC) volition let section communal funds and institutions to contented specified funds nether rules, SEC secretary-general Pornanong Budsaratragoon said, according to the report, citing an interrogation connected Wednesday.
"Our anticipation present is to broaden the criteria for the crypto specified arsenic a handbasket of cryptocurrencies,” Pornanong said. “We privation to person broader proviso of those crypto assets successful the ETFs."
Thailand is attempting to entreaty to young investors who privation immoderate cryptocurrency successful their portfolios arsenic a diversification tool, Pornanong added.
The state has besides been advancing its integer plus plans via "G-Tokens," a tokenized signifier of authorities bond.
Read More: Thailand’s Digital Tourist Wallet Rolls Out, With Crypto Link Still Stuck successful Sandbox
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