PANews reported on January 15 that according to Bloomberg, the Securities and Exchange Commission of Thailand (SEC) is considering allowing Bitcoin exchange-traded funds (ETFs) to be listed on local exchanges for the first time for individual and institutional investors. Currently, Thailand already has funds that provide indirect Bitcoin exposure by investing in overseas Bitcoin ETFs, but has not yet approved ETFs that directly invest in Bitcoin. Thailand currently has about 270,000 active crypto trading accounts, and although it is lower than the peak during the epidemic, market activity is gradually recovering.

SEC Secretary-General Pornanong Budsaratragoon said the move is aimed at providing investors with more crypto asset options while ensuring appropriate protections. She also revealed that Thailand is exploring a pilot sandbox project to use Bitcoin transactions in tourism services in Phuket.