Thailand’s Securities and Exchange Commission (SEC) has recently announced a public consultation to revise criteria for digital asset listings on exchanges. The aim is to align regulations with industry developments while ensuring investor protections are maintained. The consultation period will run until July 21, 2025.
The SEC is seeking feedback on principles to enhance the selection process for digital assets on Digital Asset Exchanges. The proposed changes would allow exchanges to list ready-to-use digital tokens or cryptocurrencies issued by the exchange itself or related parties for blockchain transactions. This move is intended to support the development of innovation and usage in the digital asset industry, thereby promoting Thailand’s digital asset ecosystem.
One key aspect of the proposed framework is the requirement for exchanges to disclose the names of persons related to digital token issuers and display warning symbols in reporting systems to help prevent insider trading. The SEC emphasizes the importance of maintaining regulatory mechanisms to prevent conflicts of interest, market manipulation of digital assets, and unfair practices within the industry.
For tokens already listed before the new criteria take effect, issuers will have 90 days to provide related-party disclosures to exchanges. This consultation marks another strategic step in Thailand’s efforts to attract international crypto businesses and position itself as a regional financial center.
In line with this goal, Thailand recently made headlines by eliminating capital gains taxes on crypto sales for five years, a move expected to generate significant economic benefits in the medium term. Deputy Finance Minister Julapun Amornvivat described the tax exemption as part of the government’s ambition to establish Thailand as a leading financial hub globally.
Additionally, Thailand is exploring initiatives such as crypto tourism payments in Phuket and the potential introduction of spot Bitcoin ETFs for retail investors. These developments align with statements made earlier this year by SEC Secretary-General Pornanong Budsaratragoon, emphasizing the need for Thailand to keep pace with the increasing adoption of cryptocurrencies worldwide.
As Thailand continues to evolve its regulatory framework and attract crypto-related businesses, the country is poised to solidify its position as a key player in the digital asset industry. Stay tuned for further updates on Thailand’s journey towards becoming a prominent financial hub in the global crypto market.
This article has been edited by Sebastian Sinclair.