The Securities and Exchange Commission (SEC) of Thailand has launched a public consultation on the proposed changes to the digital asset listing regulations for licensed cryptocurrency exchanges. This bold move is part of the broader plan to enhance transparency and improve investor protection in the growing digital asset market in Thailand.

The announcement was made on Thursday, and it was made clear that the SEC is seeking feedback on the newly drafted listing criteria. These criteria include expanded listing permissions and stricter disclosure rules. Thanks to this step, the general public can submit their view on the rules via the SEC website, email, or the central legal system platform. The deadline for the public is July 21.

Public Consultation for New Crypto Listing Rules

Among the proposed changes is the option to allow licensed exchanges to list cryptocurrencies and utility tokens they have issued themselves or have issued with the help of affiliated parties. However, the exchanges must ensure that these digital assets offer a clear advantage to investors and individuals. Such key proposed changes mark a notable shift from the previous restrictions imposed on self-issued token listings. Once passed, the industry will have greater flexibility while fostering domestic blockchain innovation.

Another key requisite added to the rules includes enhanced transparency from token issuers. Under the new rules, exchanges will be compelled to disclose the identities of all individuals linked to issuers of digital tokens available on their platforms. The SEC plans to introduce an alert marker in its e-reporting system that will help monitor potential insider trading and scrutiny better.

In case of the tokens already listed before the new rules are imposed, the exchanges will have 90 days to comply with the disclosed rules.

All of these new regulatory updates are made in line with Thailand’s aim to position itself as a crypto hub in the region. These initiatives follow the government’s recent decision to exempt capital gains tax on crypto transactions made through licensed platforms from January 1, 2024, to December 31, 2029, a five-year window aimed at encouraging investment and innovation in the sector.

In parallel, the Thai Revenue Department is working to implement the OECD’s Crypto-Asset Reporting Framework, which will facilitate international data sharing on digital asset transactions to prevent tax evasion and enhance compliance.

The SEC’s push for stricter oversight also comes in the wake of enforcement actions against unlicensed crypto platforms. Starting June 28, access to five major global exchanges (Bybit, 1000X, CoinEx, OKX, and XT.COM) will be blocked for operating without proper authorization in Thailand. Together, these efforts underscore the SEC’s commitment to fostering a safer, more transparent digital asset environment while supporting Thailand’s long-term vision as a regulated crypto innovation hub.

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