Derivatives and leverage.

Allows licensed platforms to offer perpetual contracts to professional investors only, under leverage, margin and risk controls.

Japan's securities law, which already covers security tokens and crypto derivatives and will house spot crypto regulation once the 2026 amendment takes effect.

Introduced electronically recorded transferable rights, the legal basis for security tokens, and moved crypto derivatives into the FIEA. In force since 1 May 2020.

A People Power Party basic law: FSC authorisation for stablecoin issuers, advance notice for other token issuances, FSC approval for exchanges to offer derivatives, services for professional investors and bans on insider trading and manipulation.

Would replace the User Protection Act with a comprehensive law that treats professional and general users differently, add stablecoin issuance and reserve rules, and amend the Capital Markets Act to allow crypto ETFs and derivatives.

Would let crypto assets designated by the FSC serve as the underlying asset of funds and derivatives, with trust companies holding them through qualified custodians: the legal route to spot bitcoin ETFs.

Issued 30 June 2026 and effective 1 September 2026, following POJK 23/2025. Sets how platforms report asset list evaluations, monthly, quarterly, annual and incidental reports, and how clearing houses notify derivatives clearing. It revokes SEOJK 20/2024, with a few provisions running until 1 January 2027.

Adopted 31 October 2025 and in force from 10 November 2025. Brings digital asset derivatives under OJK licensing and moves customer funds into segregated accounts held in the clearing house's name at OJK-licensed commercial banks, with 12 months (extendable) to adjust.

The commodity-era rulebook that created the bourse, clearing, custodian and trader structure OJK inherited. Superseded when supervision moved to OJK in January 2025.

Lets stockbrokers holding a Capital Markets Services Licence offer digital asset broking after notifying the SC. It requires cash-upfront trades, no margin and full segregation of client assets.

Explains when a token is a capital markets product under the Securities and Futures Act and how prospectus and licensing rules apply to issuers and platforms.

Final retail access measures: risk-awareness assessments, no trading incentives, no financing or leverage, and no locally issued credit card payments.

The House of Representatives accepted in principle on 23 September 2026 a draft Act amending the Emergency Decree on Digital Asset Businesses, with Securities, Derivatives and Trust Act amendments approved by the Cabinet on 25 August. An extraordinary committee is now reviewing them before the Senate.

Would let intermediaries offer retail and wealthy clients overseas crypto derivatives that match Thai contract terms and trade on centrally cleared exchanges overseen by IOSCO Signatory A regulators; other products would be for institutions only. Comments closed on 30 September 2026.

After digital assets were designated as derivatives underlyings (Notification Kor Thor. 2/2569 of 5 March 2026), proposes letting licensed crypto operators apply for derivatives licences without forming new entities. Comments closed on 20 May 2026.

Activity-by-activity rules for exchanges, brokers, custodians, lenders, asset managers, derivatives providers and issuers, including limits on margin and leveraged products.

Treats tokens representing securities, derivatives or Islamic financial contracts as the underlying investment, and makes operating an investment token exchange and clearing token trades regulated activities.

Rules for licensed exchanges on board governance, public disclosures, trading-venue participants, market surveillance, settlement and margin trading. The version effective 31 March 2026 adds a regime for exchange-traded derivatives, with leverage for retail investors capped at 5:1.

Announces version 2.0 of the seven activity rulebooks and the issuance rulebook, strengthening margin trading and token distribution controls and clarifying collateral wallet arrangements, with compliance required by 19 June 2025.

The High Court ruled 7-0 that Block Earner's fixed-yield Earner product was a financial product and a derivative, confirming that the financial product definition is broad and technology neutral.

Oztures Trading misclassified 524 retail investors as wholesale clients, exposing them to crypto derivatives without retail protections.

Bit Trade offered a margin extension credit product to over 1,100 customers without a target market determination. It was ASIC's first penalty for breaching design and distribution obligations.

Sets out what the BMA expects in a DABA licence application, from the legal vehicle, head office and staffing to outsourcing, insurance, capital and custody. It names SAC, ISAC and trust structures as bankruptcy-remote options firms have used.

Explains when tokens are investments under SIBA, such as fund interests, shares, debt or derivatives, and when pure utility and payment tokens fall outside financial services law. It predates the VASP Act.