Thailand's Securities and Exchange Commission (SEC) has initiated public consultations on proposed changes to digital asset listing rules.
Public Consultation on New Rules
The consultation process is open until July 21 and will gather feedback from the public through the SEC's website, the central legal system platform, or via email.
Changes to Transparency Requirements
The SEC is considering amendments that would expand listing allowances for digital assets while imposing tighter transparency requirements on exchanges. One of the proposals would allow licensed crypto exchanges to list utility tokens issued by themselves or affiliated entities, which must serve a functional purpose. The SEC will also require exchanges to disclose the identities of individuals connected to each listed digital asset.
Thailand's Strategy to Become a Digital Hub
The Thai government aims to position the country as a global digital asset hub, offering tax incentives and regulatory updates to attract crypto investors. Recently, a five-year exemption from capital gains tax on cryptocurrency trading was announced. The SEC is also hinting at the approval of Bitcoin ETFs, indicating increasing interest in such instruments globally.
The proposed changes to listing rules and government initiatives highlight Thailand's commitment to strengthening its position in the digital economy and creating a more transparent environment for investors.
