OKX app offers multilingual support, copy trading, and API solutions for global traders. New users enjoy exclusive fee discounts!
Download for Android Download for IOS
Thailand's Securities and Exchange Commission has initiated a 15-day public consultation period for proposed regulations governing utility token issuance. The draft rules, released this Wednesday, aim to establish clearer guidelines for cryptocurrency platforms and affiliated individuals seeking to issue digital assets.
Under the proposed framework, exchanges must disclose all parties involved in token offerings, including names of associated individuals. This measure specifically targets potential insider trading risks, requiring platforms to submit transaction records for SEC monitoring. The regulator emphasized this would enhance market transparency in Thailand's growing digital asset sector.
The consultation follows several significant crypto policy changes in Thailand. In May, authorities announced plans to integrate cryptocurrency payments for tourists while simultaneously blocking unlicensed exchanges OKX and Bybit. June saw the introduction of capital gains tax exemptions for transactions through approved platforms.
——These parallel developments reflect Thailand's balanced approach to fostering innovation while maintaining oversight——
The SEC's focus on disclosure requirements stems from past incidents, including a 2022 case involving Bitkub's chief technology officer. The official allegedly profited from advance knowledge of a major exchange listing, prompting closer scrutiny of industry practices. Similar cases have occurred globally, including at Coinbase and OpenSea, resulting in multiple convictions.
Insider trading remains a contentious issue in cryptocurrency markets worldwide. Unlike traditional securities, many jurisdictions lack clear digital asset trading rules. Thailand's proposal joins growing international efforts to standardize crypto market conduct, with 【67%】 of G20 nations now developing specific regulations according to recent BIS data.
Following the consultation period ending July 5, the SEC will review feedback before finalizing rules. Market participants anticipate implementation by Q4 2025, potentially making Thailand among the first Southeast Asian nations with comprehensive token issuance regulations. The move could influence neighboring countries' regulatory approaches to digital assets.