What happened?
Thailand’s Securities and Exchange Commission (SEC) is conducting a public consultation on new draft criteria for listing digital assets on local exchanges. The proposed changes, approved by the SEC board in June, aim to modernize listing standards in line with technological and industry developments. These changes are geared towards maintaining market integrity while allowing exchanges to list tokens issued by themselves or related entities under specific conditions.
Who does this affect?
The proposed changes primarily impact digital asset exchanges operating in Thailand and their affiliated parties. Investors and token issuers are also affected, as exchanges are required to disclose all related-party connections for listed tokens. Additionally, current and potential market participants will have interest in the evolving regulatory landscape, which influences how digital tokens can be listed and traded.
Why does this matter?
This initiative has significant implications for Thailand’s digital asset market and its position as an emerging hub for blockchain technology. By revising the regulatory framework, the Thai SEC seeks to balance innovation with oversight, potentially boosting confidence among market participants. This could enhance the attractiveness of Thailand’s market to global investors, impacting its competitiveness and fostering growth in the digital asset sector.