Thailand Eyes Strong Crypto Overhaul: Exchanges May Soon Note Their Own Tokens
Thailand’s financial regulators are looking for public feedback on proposed updates to the framework governing crypto asset listings on local digital exchanges. The move, announced Friday by the nation’s Securities and Exchange Commission (SEC), comes as Thailand continues to improve its digital asset policies in reaction to growing market activity and wider efforts to modernize financial facilities.
Modified Rules Target Openness and Market Security
The proposed rule modifications aim to provide crypto exchanges with flexibility while enhancing investor security and oversight. Notably, one essential proposition would allow digital asset platforms to list their own utility tokens or tokens issued by associated entities, a practice that is currently limited.
The public consultation period is open until July 21, after which the SEC will determine whether to proceed with the changes. Under the updated draft, exchanges listing crypto assets would also be required to disclose the identities of individuals directly involved with the tokens. These disclosures must be visible to users and accessible through the exchange’s reporting system. Additionally, automated alerts would be integrated into exchange reporting to help the SEC identify suspicious activity, such as insider trading or market manipulation.
If the new rules are enacted, any token currently listed on local platforms would be subject to a retroactive disclosure requirement, mandating exchanges to identify related parties within 90 days of the rule’s application. This regulatory approach is apparently seeking to boost transparency and reduce risks associated with information asymmetry between investors, exchanges, and developers.
Thailand’s Broader Push Towards Crypto Integration
Thailand’s crypto policy advancements are part of a broader strategy to position the nation as a competitive digital financing center. Earlier this month, the Thai government approved a five-year tax exemption for income earned from cryptocurrency trading. The exemption is designed to promote innovation, attract foreign capital, and give local startups more room to scale.
Deputy Finance Minister Julapun Amornvivat stated that the government is accelerating efforts to integrate digital assets into the national economy. This aligns with Thailand’s plan to offer approximately $150 million worth of digital investment tokens this summer. These instruments aim to provide more competitive returns than traditional savings accounts and could mark the beginning of more institutional-grade tokenized finance offerings in the region.
The consultation on token listing guidelines comes as countries across Southeast Asia take varying approaches to crypto regulation. While some jurisdictions have implemented stricter frameworks in response to market volatility and high-profile collapses, Thailand appears to be pursuing a more adaptive approach focused on risk management and financial opportunity.
Included image created with DALL-E, Chart from TradingView
