Thailand’s Crypto Overhaul: Exchanges to List Own Tokens?

Thailand is poised for a significant crypto regulatory shift. The Securities and Exchange Commission (SEC) is seeking public input on proposed changes that would allow digital asset exchanges to list their own utility tokens and those of affiliated entities – a practice currently prohibited. This move aims to balance flexibility for exchanges with robust investor protection and market surveillance. The proposed rules mandate increased transparency, requiring exchanges to disclose the identities of individuals involved with listed tokens, making this information accessible to users and integrated into the SEC’s automated alert system for detecting suspicious activities like insider trading. Retroactive disclosure is also planned for existing listings. This regulatory approach seeks to mitigate information asymmetry between developers, exchanges, and investors. This initiative is part of Thailand’s broader push to become a leading digital finance hub. Earlier this month, the government approved a five-year tax exemption for crypto trading income to attract foreign investment and foster local innovation. Further, Thailand plans to issue approximately $150 million in digital investment tokens this summer, aiming to offer higher returns than traditional savings accounts. While other Southeast Asian nations adopt varied crypto regulatory approaches, Thailand’s strategy emphasizes risk management and economic opportunity, showcasing a more adaptive stance.

(Source: https://bitcoinist.com/thailand-eyes-bold-crypto-overhaul-exchanges-soon/)