$BTC

The Securities and Exchange Commission (SEC) of Thailand has opened a public consultation on the revision of listing rules for digital assets on licensed cryptocurrency exchanges. The regulatory agency announced that it is accepting comments and suggestions until July 21. According to the draft of the new proposed SEC listing criteria, cryptocurrency exchanges will be able to list utility tokens or cryptocurrencies issued by themselves or related parties. Exchanges are required to disclose the identities of individuals associated with the issuers of crypto assets available on their platforms. As for crypto assets that were listed on the platform before the new rules come into effect, exchanges will be required to have issuers disclose information about the project team within 90 days from the date the new rules come into force. The SEC is confident that the new rules will help simplify the monitoring of suspicious transactions and prevent insider trading. Thailand positions itself as an international hub for digital assets, so the regulator aims to create a regulated environment for them and increase transparency in cryptocurrency trading.