By Kapil Rajyaguru
Thailand Considers Approving Local Bitcoin ETFs Amid Global Competition.
Thailand’s top financial authority is considering allowing bitcoin exchange-traded funds to list on local exchanges.
Pornanong Budsaratragoon, Secretary-General of the Securities and Exchange Commission, said on Tuesday that the regulator is contemplating permitting individual and institutional investments in local bitcoin ETFs that would offer direct exposure to bitcoin, according to Bloomberg.
Thailand’s SEC previously permitted asset management firms in March 2024 to launch funds for investing in U.S. spot bitcoin ETFs available for institutional investors.
Coinbase Secures Partial Legal Win in Crypto Rules Fight with SEC.
A federal appeals court has ruled in favor of Coinbase, delivering a blow to the Securities and Exchange Commission (SEC) over its refusal to establish clear regulations for cryptocurrency.
Judges criticized the SEC’s handling of the matter, calling its denial of Coinbase’s 2022 petition “arbitrary and capricious.” The decision has raised questions about the SEC’s approach to crypto regulation, potentially influencing the industry’s trajectory.
The U.S. Court of Appeals for the Third Circuit stopped short of forcing the SEC to craft crypto-specific rules but ordered the regulator to justify its stance. Coinbase had sought rules to determine when digital assets qualify as securities, a crucial issue for the burgeoning crypto market.
Telegram-Linked TON Blockchain To Focus On US Growth Under Trump.
Under the incoming administration of US President-elect Donald Trump, the Telegram-linked blockchain project The Open Network (TON) will concentrate on growth in the US.
The US is set to become a key market for TON under Trump’s administration, a spokesperson for the TON Foundation confirmed to Cointelegraph on Jan. 14. Manuel Stotz, a newly appointed TON Foundation president and board member, will spearhead the US push.
South Korea Plans To Introduce New Crypto Law In Second Half Of 2025.
South Korea has officially begun discussions to develop the second part of its crypto regulatory framework and aims to draft the legislation within the second half of this year, local news outlets reported.
The country’s Financial Services Commission held a meeting on Wednesday to outline the key tasks that the upcoming bill would address, South Korean news outlet Edaily reported.
Kim So-young, Vice Chairman of the FSC, mentioned at the meeting that major economies in the world are accelerating the development of crypto regulations to achieve investor protection and eliminate regulatory uncertainty.
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