Thai SEC Opens Public Consultation on New Utility Token Regulations
The Thai SEC has initiated a public consultation on proposed regulations for utility tokens, targeting cryptocurrency exchanges operating within the country.
This proposal signals a potential transformation of Thailand’s digital asset sector, aimed at strengthening transparency and fostering innovation. Industry stakeholders are closely monitoring the process as they await the final decision and its implications.
The regulator’s move reflects its intent to keep pace with evolving market dynamics, prioritizing investor protection and operational clarity. The consultation will remain open through July 2025, inviting public and industry input.
The initiative, backed by the Thai Securities and Exchange Commission and supported by Deputy Finance Minister Julapun Amornvivat, would authorize licensed exchanges to issue their own utility tokens. Additionally, all existing token listings would be required to disclose individual stakeholder identities within a 90-day window.
“Full speed ahead! The Thai government is accelerating efforts to position Thailand as a global digital asset hub,” declared Julapun Amornvivat, highlighting the national vision.
The proposed rules aim to influence local investor behavior and strengthen domestic market practices, forming part of Thailand’s broader roadmap toward becoming a leading center for digital finance.
Complementing this initiative, the government recently introduced a five-year capital gains tax exemption on crypto transactions to further encourage growth and adoption. Industry experts predict this could drive substantial innovation across exchanges while boosting market confidence.
Analysts suggest this regulatory shift could set a new benchmark, similar to global developments in crypto-forward regions. If implemented effectively, Thailand’s approach to utility token regulation may spark ecosystem expansion aligned with international best practices.
