BANGKOK -- The Thai government wants to make the country's digital asset law more efficient by allowing investors to hold these new types of securities in the same funds as traditional assets, Thai Finance Minister Pichai Chunhavajira said Thursday.
In Thailand, digital assets are regulated by an emergency decree to supplement the existing securities law in 2018. The decree was prompted by the growing popularity and volatility of cryptocurrencies and digital tokens. Licenses for digital asset exchanges, brokers and custodians are granted separately from those for traditional securities.
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