The Thailand Securities and Exchange Commission (SEC) has proposed new rules enabling mutual and private funds to invest in digital assets, marking a significant shift in the country’s regulatory landscape to align with international trends in cryptocurrency investment. This initiative aims to enhance investment diversification opportunities for institutional and high-net-worth investors while imposing a 15% cap on digital asset exposure for retail mutual funds to protect against volatility. Additionally, the SEC introduces guidelines for differentiating between high-risk and stable digital assets and continues to promote innovation through its regulatory sandbox.

• The Thai SEC's proposal allows mutual and private funds to invest in digital assets, reflecting global trends in cryptocurrency.

• This initiative aims to create more investment opportunities and flexibility for fund managers incorporating crypto-related products.

• A 15% cap on digital asset exposure for retail mutual funds is proposed to safeguard investors from market volatility.

• Institutional investors will not face an exposure cap but are required to diversify their investments for risk mitigation.

• The SEC's draft also differentiates between high-risk assets like Bitcoin and stablecoins such as Tether.

• New rules include limits on the temporary holding of volatile assets to a maximum of five business days.

• Thailand ranks 10th in global cryptocurrency adoption, with a significant proportion of its population engaging in digital asset transactions.

The XRP token is already regulated as a commodity and the SEC “duplicates and compounds the regulatory burden” by saying it’s a security, Bitnomial argues.

"If no bull market in 14 days, this will mark the longest sideways post-halving in history," noted CryptoQuant CEO Ki Young Ju.

It's total $BITCOIN holdings now sit at 748.5 BTC.