#USNationalDebt The Securities and Exchange Commission of Thailand (SEC) has put forward new rules for the listing of digital assets for public discussion. This will last until July 21.
The initiative aims to develop the ecosystem and support innovation while maintaining investor protection.
The main change is the permission for cryptocurrency exchanges to list their own utility tokens or assets of related parties. A mandatory requirement: the coin must have practical use in the blockchain.
The second proposal is aimed at combating insider trading. Platforms will be required to disclose lists of affiliated entities for issuers of all types of tokens.
Exchanges must also implement a notification system for the SEC. This will allow the regulator to monitor and prevent market manipulation.
For assets already listed on exchanges, a transition period has been established. Issuers must provide data on related parties within 90 days after the rules come into effect.
In May, the government of Thailand announced the launch of the digital investment token G-Token. Developed by the Ministry of Finance to cover the budget deficit, the asset cannot be used for the purchase of goods or transfers.