Thailand is taking a major step toward integrating digital assets into its regulated financial markets. 

The country’s Cabinet recently approved a proposal allowing digital assets, including cryptocurrencies and tokens, to be used as underlying assets in the derivatives and capital markets. The decision reflects a growing recognition that digital assets are evolving beyond speculative instruments into a legitimate asset class capable of reshaping capital markets.

Nirun Fuwattananukul, chief executive of Binance Thailand, described the move as a “watershed moment” for the country’s capital markets. “It sends a strong signal that Thailand is positioning itself as a…

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