Thai SEC plans to allow retail investors to participate in regulated overseas cryptocurrency derivatives trading

The Thai SEC proposes to allow intermediaries to provide some overseas digital asset derivative trading services for retail investors. The related products must be similar to the underlying assets, maturity time, leverage level, and settlement methods of encrypted derivatives traded in Thailand, and must be traded on exchanges that adopt a central counterparty clearing mechanism and accept international supervision. The Thai SEC has listed cryptocurrencies and digital tokens as allowed derivative targets on March 5th and is currently discussing contract details with the Thailand Futures Exchange. Overseas encrypted derivatives that do not meet the criteria can only be provided to institutional investors. The solicitation of opinions will continue until September 30th, and the Thai SEC has not yet announced the implementation date of the amendment. （Cointelegraph）