Thailand’s SEC is advancing plans to regulate utility token offerings, requiring exchanges to reveal affiliations with issuers under a new consultation launched Friday.
The rules aim to detect insider trading by forcing transparency around who benefits from token launches. This follows Thailand’s mixed 2024 crypto policies, including:
- Approving crypto for tourist spending (May)
- Banning OKX and Bybit for unlicensed operations (May)
- Exempting licensed crypto sales from taxes (June)
The SEC’s scrutiny intensified after Bitkub’s CTO was accused in 2022 of illegally profiting from confidential deal info—a case underscoring the need for stricter controls.
