Overview
- Thailand’s securities regulator opened a public consultation on rule changes that would let licensed digital-asset firms apply for derivatives licenses within their existing companies.
- The proposal removes a long-standing requirement to set up a separate entity for futures operations, with feedback due by May 20.
- Draft safeguards would require conflict-of-interest controls plus stricter compliance and reporting so broader access does not weaken oversight.
- The plan builds on February amendments to the Derivatives Act that recognized digital assets like Bitcoin as eligible underlyings for regulated futures.
- The SEC said it is working with the Thailand Futures Exchange on contract designs suited to crypto volatility, as global platforms such as Blockchain.com expand perpetual futures offerings with up to 40x leverage.