Thailand’s Securities and Exchange Commission (SEC) has initiated a public consultation period, lasting until July 21, 2025, to gather feedback on proposed revisions to the rules governing digital asset listings on licensed cryptocurrency exchanges. These revisions arise from a recent SEC board meeting where updated listing criteria were formally approved to align with industry advancements and support Thailand's ambition to become a global crypto hub.
The proposed changes would allow licensed exchanges to list utility tokens or cryptocurrencies they issue themselves or are related to affiliated parties for use within blockchain transactions. This broadens the range of eligible digital assets while encouraging innovation and practical utilization in the digital asset ecosystem.
Stricter disclosure requirements are central to the new rules. Exchanges must now publicly disclose identities of individuals associated with token issuers and apply alert symbols in the SEC’s electronic reporting system to help detect and prevent insider trading and market manipulation. Tokens already listed before the new rules’ effective date must comply within 90 days, ensuring enhanced transparency across existing listings.
This regulatory update complements Thailand’s earlier measures, including a five-year capital gains tax exemption on crypto transactions made through licensed platforms, effective from January 1, 2025, through December 31, 2029. The Revenue Department is also integrating the OECD’s Crypto-Asset Reporting Framework to facilitate automatic international information exchange, reinforcing compliance and oversight.
In addition, recent actions by Thailand’s SEC include blocking access to five major unlicensed crypto exchanges (Bybit, 1000X, CoinEx, OKX, and XT.COM) for operating without proper licenses and servicing Thai users without authorization. These moves underscore Thailand’s emphasis on promoting a regulated, transparent, and traceable digital asset trading environment.
Further initiatives to solidify Thailand’s position include pilot programs for crypto payments targeted at crypto-tourism in Phuket and considerations for allowing spot Bitcoin ETFs to retail investors. Officials view these advancements as critical for attracting international crypto businesses and enhancing Thailand’s stature as a regional financial and digital asset center.