Thailand’s Securities and Exchange Commission (SEC) opened a consultation on rules for stock exchanges to issue their own tool tokens.
The regulator suggests to allow crypto exchanges or a person related to the exchange to issue the tool toe to blockchain transactions, it said on its website. Exchanges must pass on the names of anyone related to token issuers so that SEC can monitor for insider trading.
The consultation comes as the regulator seems to create a balance between allowing innovation and at the same time preventing illegal activity. In May, it said that citizens will be blocked to access crypto exchanges, including Bybit and OKX from June 28, with reference to Digital Asset Business Act.
In March, it added Tether’s Usdt StableCoin and Circle’s (CRCL) USDC to its list of approved tokens that can be traded on exchanges. Previously only Bitcoin
Ether, XRP, Stellar and some tokens used in the width of Thailand’s settlement system were approved by SEC.
Thailands’ SEC will collect statements about its rules until July 21, it says.