Thailand SEC Opens Public Consultation on Crypto Listing Rules

The Thailand Securities and Exchange Commission (SEC) asks the public to share their views on new rules for listing and managing crypto. The aim is to support innovation while keeping investors safe. The new rules could also give crypto exchanges more freedom, especially in listing utility tokens. Exchanges May List Their Crypto in Thailand In a press release shared on June 20, the SEC says the proposed changes aim to keep up with the fast growth of the crypto industry in Thailand. Under the draft rules, crypto exchanges operating in the country, like Kucoin , could be allowed to list utility tokens they issue themselves or through affiliated companies. This shifts from previous restrictions and could give platforms more ways to offer digital assets that serve specific uses. Another important change would require exchanges to disclose the identities of people linked to each listed token and include warning alerts in their systems so the SEC can better monitor for insider trading. If the rules are approved, platforms would have 90 days to provide this information for tokens already on the market. The SEC has opened the public consultation process and will accept comments until July 21. This allows market participants, developers, and investors to share their views on the proposed changes. Thailand’s Bigger Push for Crypto Growth This move is part of Thailand’s larger effort to grow its digital asset market . Earlier this week, the Thai government approved a five-year tax break for people who earn income by selling cryptocurrencies. The aim is to boost the economy and help local entrepreneurs. Thailand is also preparing to launch about $150 million worth of digital investment tokens later this year. These tokens are designed to offer higher returns than regular bank deposits. The SEC is also investigating whether Thai-based Bitcoin exchange-traded funds (ETFs) can be listed on local exchanges. This could make it easier for regular Thai investors to invest in crypto. Deputy Finance Minister Julapun Amornvivat said the government wants to turn Thailand into a global center for digital assets. The post Thailand SEC Opens Public Consultation on Crypto Listing Rules appeared first on TheCoinrise.com .

Source: The Coin Rise