BroadChain learned that at 05:16 on April 24, according to Bitcoinist, the Securities and Exchange Commission (SEC) of Thailand proposed a rule allowing licensed digital asset companies to directly apply for a derivatives license without needing to establish a separate legal entity. The proposal is currently open for public comment until May 20. Current regulations require crypto companies to set up a new entity when offering derivatives services, increasing time and costs.
The SEC stated that this move aims to provide investors with more risk management tools and align derivatives exchanges and clearing houses with international standards. Previously, Kraken and Coinbase have launched stock perpetual futures for users outside the US, and Blockchain.com has also introduced perpetual contract trading in self-custody wallets, supporting up to 40x leverage.
The US Commodity Futures Trading Commission (CFTC) recently indicated that it is pushing for regulation of crypto perpetual futures. Kraken's parent company, Payward, has acquired the regulated derivatives platform Bitnomial to prepare for compliantly launching related products.