Thailand Explores Utility Token Rules in Latest Crypto Regulatory Push
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Thailand’s SEC is soliciting public input on regulations that would authorize exchanges and insiders to issue utility tokens, marking another step in the country’s evolving crypto framework.
The proposed rules mandate identity disclosures for anyone connected to token projects, aiming to curb insider trading risks. This comes as Thailand tweaks its crypto policies, from allowing tourist crypto payments to cracking down on unlicensed exchanges like OKX and Bybit.
In June, Thailand also exempted licensed crypto trades from capital gains tax, signaling a bid to attract compliant businesses. The SEC’s latest effort follows its 2022 case against Bitkub’s CTO, who allegedly exploited undisclosed information for token trades.
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