Thailand’s market regulator says the country is working to expand its exchange -traded funds (ETFs) plans beyond Bitcoin Reported Bloomberg Thursday.
The country’s Securities and Exchange Commission (SEC) will allow local mutual foundations and institutions to issue such funds in accordance with rules, said SEC Secretary Secretary Pornanong Budsatagragoon according to the report, citing an interview on Wednesday.
“Our opportunity now is to expand the criteria for crypto, such as a basket of cryptocurrencies,” Pornanong said. “We want a wider delivery of these crypto assets in the ETFs.”
Thailand is trying to appeal to young investors who want some cryptocurrency in their portfolios as a diversification tool, Pornanong added.
The country has also obtained its digital active plans via “G-tokens”, a tokenized form of government bond.
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