📌 Thailand officially allows derivative contracts based on crypto

The Thai Cabinet has approved amendments to the Derivatives Act, allowing digital assets such as Bitcoin and other approved tokens to become underlying assets for derivative products.

📌Accordingly:

🔸 Crypto can be used as an underlying asset for futures contracts, options, and other derivative products.

🔸 The Securities and Exchange Commission of Thailand (SEC Thailand) will develop detailed regulatory frameworks and supervise activities.

🔸 Thailand Futures Exchange (TFEX) will coordinate the design of contract parameters such as margin levels, position limits, and risk management mechanisms.

This move brings crypto into a formally regulated derivatives system, instead of just trading on individual digital asset platforms.

📌 Note: Crypto is still not recognized as a legal payment method in Thailand. The new legal framework focuses on risk control and investor protection.