Thailand’s Securities and Exchange Commission (SEC) is shaking things up in the crypto world! They’re not only cracking down on unlicensed global exchanges but also seeking public feedback on proposed changes to digital asset listing rules for licensed crypto exchanges.
The opinion collection will be done through their website, the central legal system platform, or via email and last until July 21. So, if you’re a crypto enthusiast in Thailand, now’s your chance to make your voice heard!
Under the proposed changes, licensed crypto exchanges would be allowed to list utility tokens or cryptocurrencies issued by themselves or related parties for the purpose of utility in blockchain transactions. But wait, there’s more! Exchanges must also disclose the identities of persons associated with issuers of digital tokens listed on their platforms.
This move is part of Thailand’s broader efforts to position the country as a global digital asset hub while ensuring transparent and traceable digital asset trading within a regulated framework. And let’s not forget the recent five-year exemption on capital gains tax for crypto transactions through licensed platforms, effective Jan. 1 and lasting until Dec. 31, 2029.
But don’t get too excited just yet! Thailand’s Revenue Department is currently in the process of implementing the OECD’s Crypto-Asset Reporting Framework, which is an automatic exchange system for sharing digital asset information with countries worldwide. So, keep those crypto gains under wraps!
These developments follow Thailand’s recent crackdown on unlicensed global crypto exchanges. Starting June 28, the SEC, under the authority of the Ministry of Digital Economy and Society, will block access to five major platforms — Bybit, 1000X, CoinEx, OKX, and XT.COM — for operating without proper licenses and providing trading services to Thai users without authorization. 😱
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2025-06-20 14:07