Thai SEC Proposes New Exchange Utility Token Rules

Thai SEC has launched a public consultation on new rules for utility tokens, impacting cryptocurrency exchanges across Thailand.

The initiative could reshape Thailand’s digital asset landscape, enhancing transparency and innovation, while market players await the final rule adoption and industry responses.

Thai SEC has initiated consultations on revising rules around utility tokens in cryptocurrency exchanges. This move reflects efforts to align with industry changes and emphasizes transparency and investor protection. The public consultation period is open until July 2025 for comments.

Involvement includes the Thai Securities and Exchange Commission and endorsements from Deputy Finance Minister Julapun Amornvivat. Proposed changes could permit crypto exchanges to issue their own utility tokens, while existing token listings must disclose individual identities within 90 days.

“Full speed ahead! The Thai government is accelerating efforts to position Thailand as a global digital asset hub.” — Julapun Amornvivat, Deputy Finance Minister, Thailand

The proposed rules are expected to affect domestic markets and investor practices, seeking to bolster the Thai crypto sector. The consultation aims for comprehensive feedback to ensure transparency and safeguard investors. This forms part of Thailand’s strategy to become a global digital asset hub.

Additionally, a new five-year tax exemption for cryptocurrency sales was announced to stimulate growth. Industry insiders speculate the impact on local market activity could be significant, driving exchange innovation and investor confidence.

Experts believe this consultation could set a precedent similar to initiatives in other crypto-active regions. If successful, local utility token issuance could mirror strategies used by global exchanges, fostering ecosystem growth in Thailand.