Thailand SEC unveils proposal allowing issuance of utility tokens by exchanges and affiliated individuals
Suehyeon Lee
Summary
- Thailand SEC has announced a draft regulation permitting the issuance of utility tokens by exchanges and affiliated individuals.
- The regulation mandates disclosure of the list of persons involved in token issuance to strengthen oversight of insider trading.
- This measure is viewed as part of the Thai government’s efforts to strengthen the regulatory framework for the virtual asset industry.
The Thailand Securities and Exchange Commission (SEC) has announced a new set of regulations aimed at monitoring insider trading.
According to Cointelegraph on the 21st (local time), the Thailand SEC has released a draft regulation permitting the issuance of utility tokens by exchanges or individuals associated with exchanges, seeking public feedback.
The proposal requires mandatory disclosure of the list of individuals involved in token issuance, enabling the SEC to more effectively monitor potential insider trading. This move is seen as part of the Thai government’s efforts to establish a regulatory framework for the virtual asset (cryptocurrency) industry.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
