The Thai cabinet has approved amendments to the Derivatives Act to allow cryptocurrencies as underlying assets.

The Thai cabinet has approved amendments to the Derivatives Act, allowing cryptocurrencies to be used as underlying assets in regulated derivatives products. The Thai SEC will revise relevant licensing rules, develop derivatives contract specifications, and collaborate with the Thai Futures Exchange to ensure that the risk profile of contracts aligns with the characteristics of digital assets. This reform aims to promote market growth, diversify risk management, and bring digital asset activities into a clearer legal framework. (Decrypt)