Thailand’s top financial regulator is calling on the public to weigh in on a proposed revamp of digital asset listing rules, as it looks to strike a balance between innovation and investor protection in the country’s growing crypto sector.
In a statement released Friday, the Securities and Exchange Commission (SEC) confirmed that it has opened a consultation process to gather feedback on updated guidelines for digital asset listings on regulated exchanges. The goal, according to the regulator, is to better align listing standards with the rapidly evolving crypto landscape while safeguarding retail participants. The consultation will remain open until July 21, 2025.
The changes under review include new provisions that would allow platforms to list cryptocurrencies or utility tokens issued by the exchanges themselves or by closely affiliated entities — provided those tokens are already in practical use. This marks a shift from earlier restrictions, potentially opening the door for more blockchain-native assets tied to specific services or ecosystems.
The SEC said the initiative reflects a broader regulatory intent to support Thailand’s digital economy by encouraging responsible innovation while ensuring exchange-listed assets meet a transparent, purpose-driven standard.
New Oversight Measures Target Insider Risks
As part of its broader digital asset reform push, Thailand’s SEC is proposing tighter disclosure and monitoring standards to detect insider activity and manage conflicts of interest in crypto listings.
The proposed framework would require digital asset exchanges to publicly identify individuals connected to token issuers, and introduce visible warning indicators within reporting systems to assist the SEC in tracking suspicious behavior. This added transparency is aimed at deterring insider trading and maintaining fair market practices as the sector grows.
Regulators emphasized the need for robust guardrails, including rules to prevent manipulation and enforce ethical conduct among issuers and affiliated parties. Exchanges would also be expected to implement mechanisms that shield users from deceptive listing activity.
For tokens already trading before the new rules are implemented, issuers would be given a 90-day window to submit their related-party disclosures.
Thailand Waives Crypto Tax to Boost Adoption
In a bold policy shift during the week, Thailand waived capital gains taxes on cryptocurrency transactions for the next five years, signaling its intent to become a major player in global digital finance. The move, approved by the country’s Cabinet, is expected to inject at least 1 billion baht (roughly $30.7 million) into the economy over the medium term, according to government estimates.
Deputy Finance Minister Julapun Amornvivat framed the tax break as part of a larger strategy to turn Thailand into a leading international financial center. Alongside the tax incentives, the country is rolling out crypto-friendly pilot programs, including digital payment options for tourists in popular destinations like Phuket.
Authorities are also weighing the approval of spot Bitcoin ETFs for the retail market — a move that would align Thailand with emerging trends in jurisdictions like the U.S. and South Korea. Earlier this year, the SEC’s top executive, Pornanong Budsaratragoon, acknowledged the need for the country to adapt to the rising global momentum around crypto adoption.
Quick Facts
- Thailand’s SEC launched a consultation on crypto listing rules.
- Proposed changes may allow exchange-issued tokens in active use.
- New rules include anti-insider trading disclosures and monitoring.
- A five-year crypto tax exemption was approved to drive adoption.
