Thailand’s SEC Proposes New Cryptocurrency Listing Rules

The Securities and Exchange Commission of Thailand (SEC) has proposed new rules for the listing of digital assets, opening them for public consultation until July 21.

The initiative aims to develop the ecosystem and support innovation while maintaining investor protection.

The main change allows crypto exchanges to list their own utility tokens or assets of related parties. A mandatory condition is that the coin must have practical application in the blockchain.

The second proposal targets insider trading. Platforms will be required to disclose lists of affiliated persons for issuers of all types of tokens.

Exchanges must also implement an alert system for the SEC. This will enable the regulator to monitor and prevent market manipulation.

A transitional period is set for assets already listed on exchanges. Issuers must provide data on related parties within 90 days after the rules come into effect.

In May, the Thai government announced the launch of the digital investment token G-Token. The SEC emphasized that the asset, developed by the Ministry of Finance to cover the budget deficit, cannot be used for payments or transfers.