Thai SEC opens consultation period for token issuance rules

The Thailand Securities and Exchange Commission (SEC) has opened a public consultation period from June 20 to July 21, 2025, to gather feedback on proposed rules allowing crypto exchanges—or individuals affiliated with them—to issue utility tokens.

Under these proposed rules, exchanges would be required to disclose the identities of anyone connected to the token issuers, enabling the SEC to monitor and investigate illicit activities. The consultation aims to strike a balance between fostering innovation in the crypto industry and enhancing investor protection and market transparency.

Additionally, the SEC plans to require exchanges to mark tokens issued by affiliates with warning symbols to inform investors, reflecting a broader effort to improve market supervision and accountability.

This initiative follows past scandals in Thailand’s crypto sector and aligns with the country’s strategic push to become a global crypto hub. The consultation also comes amid other regulatory moves, such as banning unlicensed exchanges and introducing a five-year capital gains tax exemption on crypto sales through licensed providers.

Overall, the Thai SEC’s consultation is part of ongoing efforts to update and clarify digital asset regulations, improve transparency, and safeguard investors while supporting the growth of the crypto market in Thailand.

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