Thailand has been moving toward a more crypto-friendly stance throughout 2024, approving a Bitcoin ETF, initiating tax breaks for crypto and more.
Financial regulators in Thailand are launching a new project to test cryptocurrency service implementations within a dedicated regulatory sandbox.
Thailand’s Securities and Exchange Commission (SEC) introduced the Digital Asset Regulatory Sandbox on Aug. 9. The sandbox aims to facilitate experiments and the development of new digital asset services.
“Interested parties are welcome to participate in the sandbox to test their digital assets-related services, promoting innovative development in the capital market under a framework of flexible regulation,” the SEC’s announcement notes, adding that the sandbox officially launches today.
