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By Camomile Shumba|Edited by Sheldon Reback
Updated Jun 20, 2025, 1:56 p.m. Published Jun 20, 2025, 12:11 p.m.
- Thailand’s Securities and Exchange Commission (SEC) opened up a consultation on rules for exchanges to issue their own utility tokens.
- The SEC is proposing letting exchange issue tokens while putting in place provisions to allow the regulator to monitor for illicit activity, such as insider trading.
Thailand’s Securities and Exchange Commission (SEC) opened a consultation on rules for exchanges to issue their own utility tokens.
The regulator is proposing allowing crypto exchanges, or a person related to the exchange, to issue utility tokens for blockchain transactions, it said on its website. Exchanges will have to disclose the names of anyone related to token issuers so the SEC can monitor for insider trading.
STORY CONTINUES BELOW
The consultation comes as the regulator looks to strike a balance between allowing innovation while preventing illicit activity. In May it said citizens will be blocked from accessing crypto exchanges including Bybit and OKX from June 28, citing violations of the Digital Asset Business Act.
In March it added Tether’s USDT stablecoin and Circle’s (CRCL) USDC to its list of approved tokens that can be traded on exchanges. Previously, only bitcoin
, ether
, XRP
, stellar
and some tokens used in the Bank of Thailand’s settlement system were approved by the SEC.
Thailands’ SEC will be gathering opinions on its rules up until July 21, it said.
Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner.
Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.
