The Thailand market regulator claims that the country is working to extend its stock market (ETF) funds beyond Bitcoin Bloomberg reported Thursday.
The country’s securities commission and the exchange (SEC) will allow local common investment funds and institutions to issue such funds under the rules, the Secretary General of the SEC report said on Wednesday.
“Our possibility is now to expand the criteria of the crypto as a basket of cryptocurrencies,” said Pornanong. “We want to have a broader supply of these cryptographic assets in ETF.”
Thailand is trying to call on young investors who want a cryptocurrency in their wallets as a diversification tool, added Pornanong.
The country has also advanced its digital asset plans via “G-Tokens”, a tokenized form of government surety.
Read more: the digital tourist portfolio of Thailand deploys, with a crypto link still stuck in sandbox
