Thailand's SEC Shakes Up Crypto: New Rules and Public Feedback Wanted!

Thailand's SEC Wants Your Voice on Crypto Listing Changes

Hold onto your hats, crypto fans! Thailand's SEC is stirring the pot by asking for public feedback on some hot new proposed changes to how digital assets get listed on their licensed exchanges. We're talking stricter disclosure rules and a wider net for what can be listed!

How You Can Weigh In

The SEC of Thailand is throwing open the doors for your opinions on these spicy new revisions. You can drop your thoughts on their website, hit up the central legal system platform, or sling an email their way. You've got until July 21 to make your voice heard!

What's Cooking at the SEC?

These changes were greenlit back in June at an SEC board meeting where they decided it was time to shake things up. Under the new plan, licensed crypto exchanges could start listing utility tokens or their own crypto babies for blockchain action. It's about to get real interesting!

New Rules, New Transparency

But wait, there's more! Exchanges will now have to spill the beans on who's behind the digital tokens they list. They're even rolling out alert symbols in the SEC's e-reporting system to keep an eye out for any shady insider trading. And for tokens already cruising before these rules drop, issuers gotta disclose related peeps within 90 days of the announcement going live.

Thailand's Big Push into Digital Assets

This is all part of Thailand's master plan to become the next big global digital asset hub. They're all about keeping things transparent and traceable while still playing by the rules.

Crypto Tax Breaks on the Horizon

And just when you thought it couldn't get any juicier, Thailand's government dropped a bombshell: a five-year capital gains tax holiday for crypto deals on licensed platforms, starting Jan. 1 and running through Dec. 31, 2029. You heard that right, folks!

Global Reporting Framework Coming Soon

Plus, Thailand's Revenue Department is busy getting ready to roll out the OECD's Crypto-Asset Reporting Framework. It's all about automatically swapping digital asset info with countries around the world.

Cracking Down on Unlicensed Exchanges

But don't think they're going easy on everyone. Thailand's SEC, with the backing of the Ministry of Digital Economy and Society, is cracking down hard on unlicensed global crypto exchanges. Starting June 28, they're blocking access to five big names — Bybit, 1000X, CoinEx, OKX, and XT.COM — for daring to operate without proper licenses and serving Thai users without the green light.