Thailand’s SEC in the policies that allow exchanges to offer utility tokens, monitor those who give up

Thailand’s Securities and Exchange Commission (SEC) has opened a consultation with policies for exchanges to issue their own utility tokens.

The regulator suggests allowing crypto exchanges, or a person related to exchange, to issue utility tokens for blockchain transactions, this said on its website. The exchanges need to reveal the names of anyone related to the token providers so that the SEC can monitor the insider trading.

The consultation will come as the regulator seems to strike a balance between allowing the change while preventing illicit activity. In May the citizens said That -block from accessing Crypto exchanges including Bybit and OKX from June 28, citing violations of the Digital Asset Business Act.

In March it added the USDT Stablecoin and Circle’s (CRCL) USDC to the list of approved tokens that could be exchanged with exchanges. In the past, only the bitcoin

Ether, XRP, Stellar and some tokens used in the Bank of Thailand’s Bank of Thailand are approved by Sec.

Thailands’ Sec will gather opinions on its policies until July 21, it said.