Thailand is moving towards permitting local Bitcoin spot ETFs, providing more investment options for individuals. As of now, only high-net-worth individuals and institutional investors have access to a fund-of-funds Bitcoin ETF through One Asset Management. The Secretary-General of Thailand's Securities and Exchange Commission emphasized the need to adapt to the global adoption of cryptocurrencies and ensure proper investor protection. In addition to Bitcoin ETFs, discussions have also surfaced about issuing stablecoins backed by government bonds, potentially allowing companies to issue their own bonds as well. Earlier initiatives, like a recent pilot program for crypto payments by tourists, reflect Thailand's ongoing exploration of cryptocurrencies, although regulatory challenges remain, as evidenced by actions taken against illegal crypto betting platforms. The push for Bitcoin ETFs aligns with similar movements around the world, following significant inflows into U.S. Bitcoin ETFs in recent years.

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