The Thai Securities and Exchange Commission (SEC) has launched a public consultation on proposed rules that would allow exchanges and affiliated persons to issue utility tokens, according to an announcement made on Friday.
The draft regulations would require exchanges to disclose the identity of persons linked to token issuers, which would improve the SEC's ability to monitor insider trading.
This move is in line with Thailand's broader efforts to formalize cryptocurrency regulations.
The consultation follows recent regulatory changes, including the approval in May of crypto payments for tourists and the ban on unlicensed exchanges OKX and Bybit.
In June, Thailand also introduced a capital gains tax exemption for cryptocurrency transactions on licensed platforms.