Thailand SEC consults on allowing retail access to overseas crypto derivatives
Thailand's Securities and Exchange Commission has launched a public consultation on proposed rules that would allow licensed intermediaries to offer overseas digital asset derivatives to retail and high net worth investors. Under the proposal, eligible contracts must mirror products available in Thailand in terms of the underlying asset, maturity, leverage and settlement method. Trading venues would also be required to use central counterparty clearing and be overseen by a regulator that is a signatory to the IOSCO Multilateral Memorandum of Understanding, or be a member of the World Federation of Exchanges. Products that do not meet these conditions would be restricted to institutional investors. The consultation runs through Sept. 30.