The Securities and Exchange Commission of Thailand (SEC) has proposed new rules for the listing of digital assets, which will be open for public comment until July 21, 2025. The reforms aim to support innovation and expand the cryptocurrency ecosystem while ensuring a high level of investor protection.
The main innovation is that crypto exchanges will be allowed to list their own utility tokens or assets owned by their affiliates. An important condition is that such tokens must have a real application within the blockchain project. This will expand the opportunities for exchange development and increase the diversity of assets offered.
In addition, the new rules provide for measures to prevent insider trading. In particular, platforms will be required to publish lists of related parties for all types of issued tokens. Such transparency will create additional guarantees of fair trade and reduce the risks of manipulation.
Another important innovation will be the introduction of a notification system for the SEC. It will allow the regulator to promptly receive information about suspicious activity and take measures to prevent market abuse. This will strengthen control and increase investor confidence in the cryptocurrency market in Thailand.
A transition period has been established for assets that are already listed on exchanges. Issuers will have to provide full data on related parties within 90 days after the new rules come into force. This approach will ensure a smooth transition and minimize possible risks for market participants.
Earlier, in May 2025, the Thai government announced the launch of the G-Token digital investment token, developed by the Ministry of Finance to cover the budget deficit. The SEC emphasized that this asset is not intended to pay for goods or transfers and serves an exclusively financial function.
Thus, the proposed changes are intended to create a more transparent and effective system for regulating digital assets, promoting innovation and protecting investors in Thailand. The discussions will last until the end of July, after which the rules could be officially approved and put into effect.