The Thai SEC has launched public consultations on new rules for utility tokens, which could significantly impact the country's digital asset market.
Thai SEC's Consultation on Utility Tokens
The Thai Securities and Exchange Commission has started consultations to revise rules regarding utility tokens on cryptocurrency exchanges. The public consultation period is open until July 2025 for comments from market participants.
Proposed Changes and Their Impact
The proposed changes could allow crypto exchanges to issue their own utility tokens, while existing token listings must disclose individual identities within 90 days. These measures aim to enhance transparency and safeguard investors in the market.
Future Prospects and Expectations from the New Regulations
Experts expect that these changes could set a precedent for other crypto-active regions. If successful, local utility token issuance could mirror strategies used by global exchanges, fostering ecosystem growth in Thailand.
The Thai SEC's consultation on utility tokens opens new prospects for the market, potentially significantly changing the dynamics of the crypto industry in the country and increasing investor confidence.
