The Thailand Securities and Exchange Commission (SEC) has initiated public feedback on proposed changes to digital asset listing rules on crypto exchanges, with consultations running until July 21.
Overview of the Proposal
The SEC of Thailand has launched discussions on updating the criteria for selecting digital assets to be listed on crypto exchanges. Feedback can be provided through the SEC's official website until July 21.
New Disclosure Requirements
Under the proposed changes, licensed crypto exchanges will be allowed to list utility tokens or cryptocurrencies issued by themselves or related parties. New regulations require disclosing identities of persons associated with issuers of listed tokens.
Thailand's Economic Initiatives
These moves are part of Thailand's efforts to create a global digital asset hub while ensuring transparent trading within a regulated framework. Notably, the government has introduced a five-year exemption from capital gains tax on crypto transactions.
These changes and initiatives reflect Thailand's commitment to developing its digital asset market while maintaining transparency and regulation in trading.
