- The Thailand SEC may allow exchanges to list self-issued or affiliated utility tokens.
- Proposed rules require disclosure of individuals linked to listed digital assets.
- Exchanges must add warning alerts to help the SEC detect insider trading activity.
The Securities and Exchange Commission (SEC) in Thailand has issued a public consultation to propose changes to the digital asset listing requirements on local exchanges, signaling an active push toward transforming the country’s crypto sector.
In a Friday press release, the SEC announced its proposal, which aims to strike a balance between investor protection and the need for flexibility and innovation in regulation as digital asset activity in Thailand continues to grow.
SEC Proposes Changes for Crypto Listing and Disclosure
The proposed rules would approve digital asset exchanges to list utility tokens issued by them or related parties. This shift may also enable platforms to launch new digital products and services, which aim to match global innovation trends and promote domestic development. The SEC stated, “The revision aligns with the evolving context of the digital asset industry and supports innovative, useful crypto offerings.”
Additionally, the new framework would require all trading platforms to disclose the identities of individuals connected to tokens listed on their exchanges. The SEC also seeks to increase transparency and fight against insider trading risks. According to the draft, crypto exchanges should upgrade their systems to ensure that alerts are visible in monitoring dashboards, enabling regulators to identify early signs of suspicious activity. If the new regulations take effect, existing token issuers would be obligated to make the disclosures within 90 days.
These proposals follow the SEC Board’s June meeting, where members resolved to update the selection criteria for digital assets listed on exchanges. In addition, the commission highlighted that such measures could ensure safeguards against conflicts of interest and market manipulation.
Broader Crypto Policy and Industry Push in Thailand
The recent regulatory review in Thailand follows the government’s increasing efforts to establish Thailand as a leading digital asset hub in Southeast Asia. The SEC’s open call for public feedback, which runs until July 21, 2025, supports broader policy shifts already underway.
Earlier this week, Thai authorities approved a five-year exemption on capital gains taxes for cryptocurrency sales. Deputy Finance Minister Julapun Amornvivat noted that the move would help boost economic activity and attract new investment. The Ministry of Finance projects the tax break will generate at least 1,000 million baht, or about $30.7 million, in medium-term economic benefits.
Related: Thailand SEC to Block Bybit, 4 Others for Unlicensed Operation
Thailand is also advancing plans to issue roughly $150 million in digital investment tokens, offering investors higher returns than traditional bank deposits. Pilot projects are being discussed to enable cryptocurrency payments at tourist destinations like Phuket. In January, the SEC announced that it was exploring the possibility of listing spot Bitcoin exchange-traded funds (ETFs) on national exchanges, which would provide additional access to retail investors.
According to SEC Secretary-General Pornanong Budsaratragoon, the country is expected to match the widespread use of cryptocurrencies globally without compromising on the integrity of effective regulations. The ongoing consultation serves as the next step in streamlining Thai digital asset policies with global practices while keeping investor protections robust.
