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Thai SEC clears BTC, crypto, carbon credits for derivatives

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Thai SEC clears BTC, crypto, carbon credits for derivatives

Thai SEC adds BTC and other digital assets plus carbon credits as eligible underlying assets for regulated derivatives, with TFEX to design crypto-linked contracts to attract institutional traders and support ETF-like products.

Thailand’s Securities and Exchange Commission has expanded the country’s regulated derivatives framework to include digital assets and carbon credits as eligible underlying instruments, according to an announcement from the regulator.

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The move, built on an earlier one from Feb. 12, formally recognizes cryptocurrencies, including bitcoin, as investment assets for futures, options, and other derivatives on exchanges such as the Thailand Futures Exchange, the SEC stated. The change follows Cabinet approval to align the derivatives market with international standards while ensuring supervision, risk mitigation, and investor protection.

SEC Secretary-General Pornanong Budsaratragoon said the expansion will promote market growth, diversify products, and improve risk management while broadening investment opportunities, according to the announcement.

The SEC plans to draft supporting regulations, including updates to derivatives business licenses to permit licensed digital asset operators to offer contracts referencing cryptocurrencies, the regulator stated. Exchange and clearinghouse frameworks will also be reviewed to accommodate crypto-based products, while TFEX will finalize contract specifications to ensure practical usage and effective risk oversight.

Thailand has positioned the development as part of a broader effort to establish the country as a regional hub for digital finance, according to the SEC. The regulator previously announced plans to introduce comprehensive rules covering digital asset products, including crypto ETFs, signaling a growing openness to integrating traditional finance and blockchain-based assets.

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Market participants indicated the move could attract more international traders and institutional investors seeking regulated crypto derivatives, creating a bridge between local markets and global digital asset liquidity, according to industry observers.

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Crypto World

ECB To Launch Payment Provider Selection For Digital Euro

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ECB To Launch Payment Provider Selection For Digital Euro

The European Central Bank (ECB) is moving closer to a pilot for a digital euro, with Executive Board Member Piero Cipollone outlining plans to begin selecting payment service providers (PSPs) in early 2026, ahead of a 12-month test scheduled for the second half of 2027.

Cipollone on Wednesday held an executive committee meeting of the Italian Banking Association. He said the pilot would involve a limited number of payment service providers, merchants and Eurosystem staff. Selection of participating providers is expected to start in the first quarter of 2026.

Cipollone said the digital euro will be designed to ensure it protects European card schemes and keeps banks at the core of the Eurozone payments system, according to Reuters.

Pilot could give PSPs an early start

European Union-licensed PSPs will be at the core of digital euro distribution, Cipollone said. For participating PSPs, the pilot offers an early-readiness advantage ahead of a potential broader rollout, including hands-on experience with onboarding, settlement and liquidity management.

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Source: ECB

He added that it also provides clearer visibility on future infrastructure, compliance and staffing costs, helping companies plan investments more accurately.

With direct Eurosystem support and the ability to feed into the design process, participants should gain both operational insight and influence over how the digital euro ultimately takes shape.

Stablecoins are not the only threat to banks, says Cipollone

The digital euro pilot is also intended to protect domestic European payment projects, such as Italy’s Bancomat card network and Spain’s Bizum peer-to-peer system.

“Banks could lose their role in payments not just because of stablecoins but also due to other private solutions,” Cipollone said, pointing to Europe’s heavy reliance on international card networks like Visa and Mastercard.

Source: Zerohedge

He added that the digital euro would be structured to preserve the competitiveness of local systems.

“The cap on the fee that merchants will pay on the digital euro network will be lower than what the international payments network, normally the costlier, charge, but higher than what domestic payments scheme, normally the cheapest, charge,” Cipollone said.

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Cointelegraph contacted the ECB for comment on the PSP selection but had not received a response by publication.

Related: Lagarde early exit report puts ECB succession and digital euro in focus

The news marks a milestone in the digital euro pilot after the ECB officially moved to the next phase of the project in October 2025, targeting a launch in 2029.

The central bank then projected that a pilot exercise could start in 2027 if legislation is put in place during the course of 2026.

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