Thailand’s market regulator said the country is working on expanding plans that have exchanged funds (ETF) beyond Bitcoin , Bloomberg reported on Thursday.
The country’s Securities and Exchange Commission (SEC) will allow local funds and institutions to issue such funds under the rules, Secretary-General Pornan Pornan Budsaratragoon said, according to the report, citing an interview on Wednesday.
“Our possibility today is to expand standards for crypto such as a basket of cryptocurrencies,” Poran said. “We want to have a broader supply of crypto assets to the ETFs.”
Thailand is trying to appeal to young investors who want some cryptocurrency to their portfolios as a variety tool, Phanan added.
The country also promotes its digital asset plans by “G-Tokens,” a tokenized form of government bond.
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