Thailand SEC publicly solicits opinions on the listing standards of digital asset exchanges and plans to relax restrictions on the listing of related-party tokens

Planet Daily News: Thailand's SEC announced the launch of a public consultation on the revised token listing standards for digital asset exchanges, with the consultation period extending until July 21, 2025. According to the proposal, digital asset exchanges may list "directly usable tokens or cryptocurrencies" issued by the exchange itself or its affiliates for blockchain trading, aiming to encourage the listing of assets that align with innovation and application development. The new rules propose requiring exchanges to disclose affiliate information of token issuers and mark risk warnings in the system to help regulatory authorities prevent insider trading. Additionally, exchanges must establish regulatory mechanisms to prevent conflicts of interest, market manipulation, and unfair trading practices. Already listed tokens must supplement affiliate information within 90 days of the rule's effectiveness. This move is part of Thailand's strategy to attract international crypto business and build a regional financial center. Previously, the Thai government decided to exempt crypto transaction capital gains tax for five years starting in 2024, expected to bring over $30.7 million in economic benefits. The government is also promoting a crypto tourism payment pilot in Phuket and considering opening Bitcoin spot ETFs to retail investors. (decrypt)