Thailand Announces a Crypto Regulatory Sandbox

The securities regulation agency of Thailand has initiated a sandbox program for companies involved in cryptocurrency as the country continues to navigate the delicate balance between regulatory restraints and innovative developments in the crypto industry.

On Friday, the Securities and Exchange Commission of Thailand announced that the sandbox aims to promote experimentation and the advancement of digital asset services within real-world settings.

This launch follows the SEC Board’s approval of the crypto sandbox in March, which was followed by a public hearing in May.

The sandbox primarily targets six types of industry players: digital asset exchanges, brokers, dealers, fund managers, advisors, and custodial wallet service providers.