Thailand's SEC has launched a regulatory sandbox to foster innovation in crypto-related services, inviting exchanges, brokers, dealers, fund managers, advisers, and custodial wallet providers to participate. Following hearings in March, the SEC issued regulations on eligibility and qualifications, focusing on factors like capital adequacy and management structure. This initiative is part of Thailand's broader effort to become a crypto-friendly nation, which includes allowing private funds for US spot Bitcoin ETFs and exempting crypto traders from taxes to enhance its position as a digital assets hub in Asia. Participants must clearly define their service scope to reduce risks. Source: DLNews