Thailand‘s Securities and Exchange Commission has opened public consultation on revising criteria for digital asset listings on exchanges, seeking to align regulations with industry developments while “maintaining investor protections.”

The SEC announced on Friday that it is seeking feedback on principles to improve the selection process for digital assets on “Digital Asset Exchanges,” with the consultation period running until July 21, 2025.

"The SEC Board, at its June 2025 meeting, resolved to revise the criteria for selecting digital assets to be provided on the exchange to be in line with the context of the digital asset industry," the SEC said in a statement.

The proposed changes would allow exchanges to list "ready-to-use digital tokens or cryptocurrencies" issued by the exchange itself or related parties for blockchain transactions. 

The move aims to provide digital assets that are "consistent with the development of innovation and usage," while promoting Thailand‘s digital asset ecosystem, according to the regulator‘s announcement.

Monitoring for warning signs

Under the proposed framework, exchanges must disclose the names of persons related to digital token issuers and display warning symbols in reporting systems to help the SEC monitor and prevent insider trading. 

The regulator called for maintaining "regulatory mechanisms for preventing and managing conflicts of interest, preventing market manipulation of digital assets, and preventing unfair practices."

For tokens already listed before the announcement takes effect, issuers have 90 days to provide related-party disclosures to exchanges.

The consultation marks another step in Thailand‘s strategy to capture international crypto businesses and position itself as a regional financial center.

The country recently eliminated capital gains taxes on crypto sales for five years in a Cabinet decision, with the government projecting the initiative will generate economic benefits "by no less than 1,000 million baht" ($30.7 million) over the medium term.

Deputy Finance Minister Julapun Amornvivat called the tax exemption part of the government‘s ambition to establish Thailand as "one of the world‘s financial hubs."

Thailand is also preparing pilot programs for crypto tourism payments in Phuket and considering allowing spot Bitcoin ETFs for retail investors. 

In January, SEC Secretary-General Pornanong Budsaratragoon said Thailand must "move along with more adoption of cryptocurrencies worldwide."

Edited by Sebastian Sinclair

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