Thailand Becomes First Southeast Asian Country to Approve Bitcoin ETF
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Thailand became the first country in Southeast Asia to trade Bitcoin exchange traded funds (ETF).
This was marked by approval from the Thai Securities and Exchange Commission (Thai SEC) for the One Asset Management company to trade Bitcoin ETFs.
Indodax CEO, Oscar Darmawan said, the approval of a Bitcoin ETF in Thailand is a significant step for the crypto industry in Southeast Asia.
This shows that regulators are starting to understand and support digital assets as an integral part of the global financial ecosystem.
With this approval, Oscar considers it to be an opportunity for Thailand to collaborate with regional countries in terms of regulations and technological innovation.
He said that Thailand had paved the way by approving a Bitcoin ETF, so it was hoped that other countries in Southeast Asia could take similar steps.