Thailand to Allow Local Funds to Invest Directly in Crypto

Thai mutual funds will be permitted to invest directly in cryptocurrencies for the first time, according to the local securities regulator.

• Regulators will focus on what kinds of clients funds serve to determine how much they can allocate to crypto investments, Anek Yooyuen, deputy secretary-general of the Securities and Exchange Commission, said in an interview on Thursday
• Professional asset managers, which manage money for high net-worth individuals, will be allowed a “larger direct exposure” to crypto-assets, according to Anek
• Those with retail investors as their main clients will only be permitted to invest a “very limited amount” in crypto, he ...