Thailand may soon allow listing of local Bitcoin ETFs, Bloomberg Reports.

Although high-net-worth Thais and institutional investors in the country can already invest in Bitcoin indirectly through a Bitcoin exchange-traded fund launched by One Asset Management (ONEAM). Last JuneRetail investors do not have the same type of access to Bitcoin ETFs as those in countries like the United States.

Purnanong Budsaratrajun, Secretary General of the Securities and Exchange Commission of Thailand, said: Bloomberg In a press conference: “Whether we like it or not, we have to move forward with more adoption of cryptocurrencies around the world.”

“We have to adapt and make sure our investors have more choices in crypto assets with the right protection,” she added.

Legalizing ETFs for mainstream investors wasn't the only pro-crypto measure rolled out by Thailand's leaders.

Thaksin Shinawatra, the country's former prime minister, said Thailand should consider issuing stablecoins backed by government bonds to individual and institutional investors.

Shinawatra also proposed allowing companies with stronger credit ratings to issue their own stablecoins – backed by corporate bonds – as a low-cost way to raise capital.

The United States has legalized Bitcoin ETFs on January 10, 2024, after nearly a decade of regulatory rejection. Funds, in particular, have seen huge inflows since then After the elections For Donald Trump. other major economies, like hong kong, It followed suit by allowing Bitcoin ETFs in April 2024, Followed by Australia in July.

It may come as no surprise that some figures in the international cryptocurrency industry are pushing for greater adoption of Bitcoin ETFs, as they have already demonstrated. Huge popularity among investors In the American market.

According to CoinGlass dataSpot Bitcoin ETFs attracted inflows of more than $900 million four times in 2024, and twice again during the start of 2025.

The news comes after Thailand announced its plans earlier this week to launch a cryptocurrency payment pilot program On the island of Phuketwhich will allow tourists who register with the government to make payments in Bitcoin.

However, the Southeast Asian country's support for the cryptocurrency industry is unwavering.

Earlier this week, Bloomberg Law reported that Thai police They announced that they were preparing to propose a ban on cryptocurrency betting platform Polymarket, along with neighboring Singapore. Thai police said the company that witnessed Massive boom In light of its popularity before the US elections, it was offering illegal betting services, as cryptocurrencies cannot be legally used for gambling in the country.

Modified by Stacey Elliott.