Thailand’s financial regulators are seeking public feedback on the proposed update of framework that controls crypto asset listing on local digital exchanges.
The move announced on Friday by the country’s Securities and Exchange Commission (SEC), as Thailand continues to reopen its digital asset policies in response to comprehensive efforts to modernize the growing market activity and financial infrastructure.
Amended rules target transparency and market monitoring
The proposed rule change aims to provide a crypto exchange with investor protection and flexibility by increasing the oversight. In particular, a major proposal will allow digital asset platforms to list their own utility tokens or tokens issued by affiliated institutions, a practice that is currently restricted.
The public counseling period is open until 21 July, after which SEC will determine whether to move forward with modifications. Under the updated draft, exchanges listing crypto assets will also require to reveal the identity of individuals directly with tokens.
These revelations should be visible to users and accessible through the exchange of the exchange. Additionally, automated alerts will be integrated into exchange reporting to help SEC detect suspicious activity, such as Insider Trading or Market manipulation.
If new rules are implemented, any token listed on local platforms will be subject to a retracenary requirement, making exchanges compulsory to identify the parties connected within 90 days of the implementation of the rule.
This regulator approach is allegedly demanding to increase transparency and reduce the risks related to information disparity between developers, exchanges and investors.
Thailand’s widespread push towards crypto integration
Thailand’s crypto policy development is part of a comprehensive strategy to place the country as a competitive digital finance hub. Earlier this month, the Thai government approved a five -year tax exemption for income earned from cryptocurrency trading.
The discount is designed to promote innovation, attract foreign capital and give local startups more rooms on a scale. Deputy Finance Minister Julpun Amornivat said that the government is accelerating efforts to integrate digital assets in the national economy.
It is aligning with Thailand’s plan to release a digital investment token of about $ 150 million in this summer. The purpose of these devices is to offer more competitive returns than traditional savings accounts and can mark the introduction of more institutional-grade tokens of finance offerings in the region.
Consultation on token listing rules comes as countries in Southeast Asia, which takes different views for crypto regulation. While some courts have implemented strict outlines in response to market volatility and high-profile collapse, Thailand appears to pursue a more adaptive strategy focused on risk management and economic occasion.
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