Thailands SEC Proposes New Cryptocurrency Listing Rules to Enhance Innovation and Investor Protection

The Securities and Exchange Commission of Thailand (SEC) has put forward new regulations for the listing of digital assets for public consultation, which will remain open until July 21.

This initiative aims to enhance the ecosystem and foster innovation while ensuring investor protection is maintained.

The primary change allows cryptocurrency exchanges to list their own utility tokens or assets related to affiliated parties. A key requirement is that the tokens must have practical use within a blockchain environment.

Additionally, there is a measure aimed at combating insider trading. Platforms will be required to disclose lists of affiliated individuals for all types of token issuers.

Exchanges must also implement a notification system for the SEC, enabling the regulator to monitor and prevent market manipulations.

A transition period has been set for assets already listed on exchanges. Issuers must provide information on related parties within 90 days after the new rules come into effect.

To recall, in May, the Thai government announced the launch of the G-Token, a digital investment token. The SEC emphasized that this asset, developed by the Ministry of Finance to address budget deficits, cannot be used for transactions or transfers.