Thailand’s SEC Enhances Digital Asset Regulation
In a significant move to enhance its digital asset regulatory framework, Thailand’s Securities and Exchange Commission (SEC) has initiated a period of public consultation aimed at updating the criteria for listing digital assets on exchanges. Announced on a recent Friday, the SEC’s initiative emphasizes a dual approach: adapting to the rapid evolution of the digital asset market while ensuring robust investor protection.
Public Consultation and Proposed Modifications
The consultation, which invites feedback from the public and stakeholders until July 21, 2025, reflects the SEC Board’s decision made in June 2025 to align its asset selection criteria with the current landscape of the digital finance industry. Among the proposed modifications, exchanges would be permitted to list digital tokens or cryptocurrencies that they or affiliated entities issue, specifically tailored for blockchain transactions. This change seeks to foster an environment that encourages innovation and the practical application of digital assets, thereby energizing Thailand’s burgeoning digital asset sector.
Key Features and Compliance Requirements
Key features of the new framework include requirements for exchanges to disclose the identities of individuals tied to digital token issuers, as well as the implementation of warning symbols in their reporting systems. These measures are intended to bolster the SEC’s oversight capabilities and mitigate the risks of insider trading. The agency has reiterated the importance of maintaining regulatory safeguards aimed at managing conflicts of interest, curbing market manipulation, and preventing unfair trading practices.
For tokens already available on exchanges prior to the implementation of these new rules, issuers will have a 90-day window to comply with disclosure requirements regarding related parties. This consultation is part of Thailand’s broader strategy to attract international cryptocurrency enterprises and solidify its status as a regional financial hub.
Economic Implications and Future Initiatives
Recently, the Thai government has also removed capital gains taxes on cryptocurrency transactions for a five-year period, which is anticipated to offer significant economic advantages, projected at no less than 1,000 million baht (approximately $30.7 million) in the medium term, according to Deputy Finance Minister Julapun Amornvivat. This tax exemption is a pivotal element of Thailand’s goal to emerge as a global financial center.
In addition to these regulatory advancements, the country is exploring initiatives like piloting crypto tourism payments in Phuket and is contemplating the introduction of spot Bitcoin exchange-traded funds (ETFs) for retail investors. In earlier remarks, SEC Secretary-General Pornanong Budsaratragoon emphasized the necessity for Thailand to keep pace with the global shift towards cryptocurrency adoption.
