Thailand Poised to Approve Local Bitcoin ETFs

Thailand
is
currently
deliberating
on
allowing
Bitcoin
exchange-traded
funds
(ETFs)
to
be
listed
on
local
exchanges.
This
initiative
could
pave
the
way
for
both
individual
and
institutional
investors
to
gain
exposure
to
Bitcoin
within
the
country.

Broader
Accessibility
with
Local
Bitcoin
ETFs

The
Securities
and
Exchange
Commission
(SEC)
of
Thailand,
under
the
leadership
of
Secretary-General
Pornanong
Budsaratragoon,
is
actively
exploring
mechanisms
to
make
Bitcoin
ETF
investments
more
accessible.
According
to
Bloomberg,
this
step
is
part
of
Thailand’s
strategy
to
adapt
to
the
increasing

global
adoption
of
cryptocurrencies.

In
a
significant
move
in
June
2024,
the
SEC
approved
the
country’s
first
Bitcoin
ETF
targeted
at
professional
investors.
Developed
by
One
Asset
Management
(ONEAM),
this
ETF
operates
as
a
“fund
of
funds,”
granting
investors
indirect
exposure
to

Bitcoin
by
investing
in
11
prominent
global
Bitcoin
funds.
This
structure
is
designed
to
reduce
the
risks
typically
associated
with
holding
the
volatile
cryptocurrency
directly.
However,
access
to
this
ETF
is
restricted
to
accredited
and
institutional
investors.

We
must
adapt
and
provide
our
investors
with
more
crypto
asset
options
while
ensuring
proper
protections

The
proposal
to
list
Bitcoin
ETFs
on
local
exchanges
reflects
a
shift
in
focus
toward
broader
market
accessibility.
This
development
aims
to
solidify
Thailand’s
position
as
a
digital
asset
innovation
leader
in
the
Asia-Pacific
region.
Speaking
on
this
evolution,
Pornanong
emphasized
the
necessity
for
Thailand
to
align
with
the
global
trend
of
increasing
cryptocurrency
adoption.
“We
must
adapt
and
provide
our
investors
with
more
crypto
asset
options
while
ensuring
proper
protections,”
she
stated
on
Tuesday.

Thailand
considers
approving
local
bitcoin
ETFs
amid
global
competition:
Bloomberg

https://t.co/Q2hVUoBxpV

—
The
Block
(@TheBlock__)

January
15,
2025

In
addition
to
ETFs,
the
SEC
is
examining
other
measures
to
expand
access
to
digital
and
traditional
financial
markets.
One
such
initiative
involves
introducing
stablecoins
backed
by
government
or
corporate
bonds,
further
diversifying
financial
products
available
to
Thai
investors.

Gulf
Binance
Supports
Thailand’s
Bitcoin
Sandbox
Pilot

Meanwhile,

Binance’s
Thai
subsidiary,
Gulf
Binance,
has
expressed
support
for
a
Bitcoin
sandbox
pilot
project
proposed
by
Prime
Minister
Thaksin
Shinawatra.
This
initiative,
aimed
at
establishing
Phuket
as
a
hub
for
Bitcoin
experimentation,
has
drawn
attention
from
industry
stakeholders.
Gulf
Binance
CEO
Nirun
Fuwattananukul
hailed
the
proposal
as
a
pivotal
move
for
Thailand’s
digital
economy.
He
pointed
out
that
this
effort
aligns
with
the
global
trends
in
crypto
adoption
and
showcases
Thailand’s
readiness
to
embrace
transformative
technologies.

“Not
only
does
this
initiative
highlight
the
increasing
momentum
of
crypto
adoption,
but
it
also
underscores
that
top
leaders
are
committed
to
integrating
these
technologies
into
the
economy,”
Nirun
remarked.
He
further
emphasized
the
importance
of
Thailand
staying
competitive
as
digital
assets
gain
traction
worldwide.

Digital
asset
trading
has
seen
substantial
growth
in
Thailand.
By
November
2024,
approximately
270,000
active
crypto
trading
accounts
were
reported,
indicating
rising
interest
and
participation
in
the
market.
Thailand’s
push
for
local
Bitcoin
ETFs
and
other
crypto-friendly
policies
marks
a
notable
step
in
its
journey
toward
becoming
a
key
player
in
the
global
digital
asset
landscape.

MIND
of
Pepe:
Revolutionizing
Meme
Coins
with
AI
Innovation

MIND
of
Pepe
is
an
innovative
cryptocurrency
project
that
combines
meme
culture
with
artificial
intelligence
(AI)
to
create
an
evolving
AI
agent.
This
agent
is
designed
to
learn
about
meme
coins,
engage
with
the
community,
and
self-improve
over
time,
offering
unique
benefits
to
its
token
holders.

The
project
introduces
the
$MIND
token,
which
serves
as
the
cornerstone
of
its
ecosystem.
Holders
of
$MIND
gain
access
to
various
advantages
as
the
AI
agent
evolves,
including
insights
into
meme
coin
trends
and
participation
in
community-driven
events.
The
tokenomics
of
MIND
of
Pepe
are
structured
to
support
the
project’s
growth
and
sustainability,
with
a
total
supply
of
100,000,101,001
tokens.
The
distribution
strategy
includes
allocations
for
presale,
liquidity,
development,
marketing,
and
staking
rewards,
ensuring
a
balanced
approach
to
ecosystem
development.

Security
and
transparency
are
paramount
for
MIND
of
Pepe.
The
project
has
undergone
a
comprehensive
audit
by
Coinsult,
a
reputable
blockchain
security
firm,
to
ensure
the
integrity
and
safety
of
its
smart
contracts.
The
audit
report
is
publicly
accessible,
reflecting
the
project’s
commitment
to
building
trust
within
the
community.

To
participate
in
the
MIND
of
Pepe
presale,
interested
individuals
can
follow
a
straightforward
process
outlined
on
the
official
website.
The
platform
provides
detailed
instructions
on
purchasing
$MIND
tokens,
including
setting
up
a
compatible
cryptocurrency
wallet
and
acquiring
the
necessary
cryptocurrency
for
the
transaction.
Additionally,
the
website
offers
a
comprehensive
FAQ
section
to
address
common
inquiries
and
provide
further
clarity
on
the
project’s
objectives
and
functionalities.

MIND
of
Pepe
represents
a
fusion
of
meme
culture
and
advanced
AI
technology,
aiming
to
create
a
dynamic
and
engaging
experience
for
its
community.
By
leveraging
the
evolving
nature
of
AI,
the
project
seeks
to
stay
at
the
forefront
of
the
rapidly
changing
meme
coin
landscape,
providing
value
and
entertainment
to
its
supporters.
For
more
information
and
to
participate
in
the
presale,
visit
the
official

MIND
of
Pepe
website.

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