Thailand SEC Proposes New Crypto Listing Rules for Exchanges

Thailand’s Securities and Exchange Commission (SEC) has launched a public consultation on proposed changes to the criteria for listing digital assets on licensed crypto exchanges. The consultation, which began on June 20, 2025, will remain open until July 21, 2025, and aims to update the listing rules to better align with the evolving local crypto industry. The proposed revisions include stricter disclosure requirements and broader listing allowances, with the goal of promoting innovative and useful crypto offerings while ensuring investor protection.

The SEC board formally approved the plan to update the listing criteria during a meeting in June. Under the proposed changes, licensed crypto exchanges would be permitted to list utility tokens or cryptocurrencies issued by themselves or related parties for the purpose of utility in blockchain transactions. This move is intended to provide more flexibility and opportunities for local exchanges to innovate and offer a wider range of digital assets to investors.

The new rules also mandate that exchanges disclose the identities of persons associated with issuers of digital tokens listed on their platforms. This includes applying alert symbols in the SEC’s e-reporting system to aid in monitoring and preventing insider trading. For tokens already listed before the effective date of the announcement, exchanges must ensure issuers disclose related persons within 90 days from the effective date. This requirement enhances transparency and accountability in the crypto market, aligning with Thailand’s broader efforts to position the country as a global digital asset hub while ensuring transparent and traceable digital asset trading within a regulated framework.

This development follows Thailand’s recent announcement of a five-year exemption on capital gains tax for crypto transactions through licensed platforms, effective from January 1, 2025, to December 31, 2029. Additionally, Thailand’s Revenue Department is implementing the OECD’s Crypto-Asset Reporting Framework, an automatic exchange system for sharing digital asset information with countries worldwide. These initiatives are part of Thailand’s broader strategy to foster a dynamic and competitive crypto market while ensuring regulatory compliance and investor protection.

Furthermore, the SEC’s move comes shortly after Thailand’s government announced a five-year exemption on capital gains tax for crypto transactions through licensed platforms, effective from January 1, 2025, to December 31, 2029. This exemption aims to boost economic potential and provide more opportunities for local entrepreneurs. The country is also planning to issue around $150 million worth of digital investment tokens in the summer, offering investors a higher return compared to regular bank deposits. These developments reflect Thailand’s commitment to positioning itself as a global digital asset hub and fostering a more dynamic and competitive crypto market.

In January, the SEC announced that it was considering allowing locally issued bitcoin ETFs to be listed on Thai exchanges. This move reflects the growing global competition in the digital asset space and Thailand’s efforts to stay at the forefront of crypto innovation. The proposed rules, if implemented, would permit exchanges to list self-issued tokens or cryptocurrencies, which are digital assets created and managed by the exchange itself or its affiliated entities. This would not only enhance the diversity of digital assets available to investors but also foster a more dynamic and competitive crypto market in Thailand.