The Thai SEC is considering the local listing of Bitcoin ETFs, allowing access to both individuals and institutions.
Meanwhile, the Thai police department has proposed a ban on Polymarket, calling it an “illegal gambling” site.
A flag of Thailand (Photo: Unsplash)
Thailand’s Securities and Exchange Commission (SEC) is considering allowing the listing of local Bitcoin exchange-traded funds (ETFs), Bloomberg reported today (Wednesday). The confirmation came from the regulator’s Secretary-General, Pornanong Budsaratragoon, who said the instrument would enable individuals and institutions to invest directly in cryptocurrency.
Now, the optimistic approach has emerged, as many neighbouring Southeast Asian countries have also approved mainstream Bitcoin products. The industry received a significant boost when the US allowed 11 Bitcoin ETFs last January.
“Like it or not, we have to move along with more adoption of cryptocurrencies worldwide,” Budsaratragoon said in an interview yesterday (Tuesday). “We have to adapt and ensure that our investors have more options in crypto assets with proper protection.”
According to the regulatory data, there were about 270,000 active crypto trading accounts in the country by the end of 30 November 2024.
Further, Thaksin Shinawatra, the ruling Pheu Thai Party’s de facto chief and a crypto advocate, proposed that the country issue stablecoins backed by government bonds, allowing them to be accessible to retail and institutional investors. The SEC is also considering allowing local firms with strong credit ratings to issue stablecoins backed by their own bonds, which would widen access to the corporate debt market and lower costs.
Thai authorities are further exploring the creation of a Bitcoin transaction sandbox in tourist-heavy Phuket for tourism-related services.
Polymarket Is Offering “Illegal Gambling”
Despite the optimism about Bitcoin and stablecoins, Thailand’s Technology Crime Suppression Division (TCSD) has proposed banning Polymarket, which offers event contract betting with cryptocurrencies, as reported by the local news outlet mgronline.
“Polymarket, a global website that provides a variety of prediction services such as politics, sports, entertainment, and economics, was found to be illegal online gambling in Thailand because the use of cryptocurrency for trading and betting is against the law,” the local publication quoted Police Lieutenant General Trairong Phiwpaen, the commander of the TCSD (translated from Thai).
Recently, Singapore banned access to Polymarket, calling it an illegal gambling website. If the Singaporean authorities catch residents betting on the website, they might be penalised with a SGD 10,000 fine, six months in jail, or both.
Last November, the US Federal Bureau of Investigation also raided the home of Polymarket’s CEO, Shayne Coplan, and seized his phone. The Department of Justice is investigating Polymarket, as the platform allegedly allowed US users to bet on events.
The crypto platform also blocked French users from accessing it following reports of an investigation against it for flouting local gambling laws.
Thailand’s Securities and Exchange Commission (SEC) is considering allowing the listing of local Bitcoin exchange-traded funds (ETFs), Bloomberg reported today (Wednesday). The confirmation came from the regulator’s Secretary-General, Pornanong Budsaratragoon, who said the instrument would enable individuals and institutions to invest directly in cryptocurrency.
Now, the optimistic approach has emerged, as many neighbouring Southeast Asian countries have also approved mainstream Bitcoin products. The industry received a significant boost when the US allowed 11 Bitcoin ETFs last January.
“Like it or not, we have to move along with more adoption of cryptocurrencies worldwide,” Budsaratragoon said in an interview yesterday (Tuesday). “We have to adapt and ensure that our investors have more options in crypto assets with proper protection.”
According to the regulatory data, there were about 270,000 active crypto trading accounts in the country by the end of 30 November 2024.
Further, Thaksin Shinawatra, the ruling Pheu Thai Party’s de facto chief and a crypto advocate, proposed that the country issue stablecoins backed by government bonds, allowing them to be accessible to retail and institutional investors. The SEC is also considering allowing local firms with strong credit ratings to issue stablecoins backed by their own bonds, which would widen access to the corporate debt market and lower costs.
Thai authorities are further exploring the creation of a Bitcoin transaction sandbox in tourist-heavy Phuket for tourism-related services.
Polymarket Is Offering “Illegal Gambling”
Despite the optimism about Bitcoin and stablecoins, Thailand’s Technology Crime Suppression Division (TCSD) has proposed banning Polymarket, which offers event contract betting with cryptocurrencies, as reported by the local news outlet mgronline.
“Polymarket, a global website that provides a variety of prediction services such as politics, sports, entertainment, and economics, was found to be illegal online gambling in Thailand because the use of cryptocurrency for trading and betting is against the law,” the local publication quoted Police Lieutenant General Trairong Phiwpaen, the commander of the TCSD (translated from Thai).
Recently, Singapore banned access to Polymarket, calling it an illegal gambling website. If the Singaporean authorities catch residents betting on the website, they might be penalised with a SGD 10,000 fine, six months in jail, or both.
Last November, the US Federal Bureau of Investigation also raided the home of Polymarket’s CEO, Shayne Coplan, and seized his phone. The Department of Justice is investigating Polymarket, as the platform allegedly allowed US users to bet on events.
The crypto platform also blocked French users from accessing it following reports of an investigation against it for flouting local gambling laws.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
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Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
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In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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📸 Instagram: https://www.instagram.com/financemagnates
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Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
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- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
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Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
