The Bag and Values of Thailand (SEC) commission opened a consultation on rules for exchanges to issue its own utility tokens.
The regulator proposes to allow encryption exchanges, or a person related to exchange, issues public services tokens for blockchain transactions, he said on his website. The exchanges will have to reveal the names of any person related to the tokens emitters so that the SEC can monitor the privileged information trade.
The consultation occurs when the regulator seeks to achieve a balance between allowing innovation while avoiding illegal activity. In May, he said that citizens will be blocked to access cryptography exchanges, including Bybit and OKX as of June 28, citing violations of the Digital Assets Business Law.
In March added the USDT Stablecoin and the USDC of the Circle (CRCL) of Tether to his list of approved tokens that can be exchanged in exchanges. Previously, only bitcoin
Ether, XRP, Stellar and some tokens used in the Liquidation System of the Bank of Thailand were approved by the SEC.
The SEC of Thailand will gather opinions about its rules until July 21, he said.
