- Thailand launches crypto sandbox
- SEC invites industry-wide participation
- Recent moves signal crypto-friendly regulatory approach
Let the Crypto Games Begin
Thailand’s Securities and Exchange Commission (SEC) has launched a regulatory sandbox for cryptocurrency businesses, signaling a progressive approach to balancing innovation and regulation.
The sandbox, now open for applications, aims to test crypto services in real-world scenarios, providing a controlled environment for experimentation.
Who’s Invited to the Party?
The SEC welcomes a diverse range of participants, including digital asset exchanges, brokers, dealers, fund managers, advisors, and custodial wallet providers.
This inclusive approach demonstrates Thailand’s commitment to fostering a comprehensive crypto ecosystem. Applicants will be evaluated based on their capital adequacy, work systems, and management structures.
Crypto-Friendly Winds Blowing
This sandbox initiative follows a series of crypto-positive moves by Thai authorities. Recent developments include extending VAT exemptions on cryptocurrency trading and adjusting regulations to allow professional investors access to U.S. spot bitcoin ETFs.
These actions underscore Thailand’s growing interest in positioning itself as a crypto-friendly jurisdiction in Southeast Asia.
