The Thailand Securities and Exchange Commission (SEC) is working on regulatory changes that will allow local cryptocurrency exchanges to list their own altcoins. With the planned revisions, while the country's crypto sector is supported, investor protection will also be strengthened.

The commission announced on Friday that it shared proposals opened to public opinion to adapt to the development of the crypto market, promote innovative projects, and protect investors. Accordingly, exchanges will be able to add altcoins developed by themselves or their affiliates to their platforms. Additionally, it will become mandatory to disclose the names of individuals linked to listed coins. This information will need to be made public within 90 days for existing altcoins.

Additionally, exchanges will be required to issue alerts in their reporting systems to prevent insider trading. Opinions will be collected until July 21.

One of the highlighted changes is the recognition of exchanges' right to list their own or group companies' utility altcoins. This could open new revenue streams for exchanges while providing an opportunity to expand their operations.

In order to increase transparency, exchanges will disclose the identities of individuals linked to altcoins to the public, and this information will be visible in reporting systems. Thus, the Thailand SEC will be able to closely monitor market activities.

Thailand's Breakthroughs in the Crypto Sector

Thailand is taking significant steps to grow the cryptocurrency ecosystem. Last week, the government introduced a five-year tax exemption for cryptocurrency sales revenues. Deputy Finance Minister Julapun Amornvivat stated, "Thailand is rapidly progressing to become a global crypto hub."

Additionally, the government plans to offer a cryptocurrency investment coin worth approximately $150 million this summer, providing investors with higher returns compared to traditional bank deposits. This move demonstrates the state's commitment to blockchain technology and alternative financing methods.

In January, the Thailand SEC announced that it was considering allowing locally issued Bitcoin Exchange-Traded Funds (ETFs) to be traded on exchanges. This step indicates Thailand's intention to play an active role in this area in parallel with the green light given to global Bitcoin ETFs.


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