Thailand's Securities and Exchange Commission (SEC) has initiated a consultation period to gather feedback on new regulations allowing exchanges and individuals associated with exchanges to issue utility tokens. The proposed regulations require exchanges to disclose individuals linked to token issuers, enhancing the SEC's ability to monitor potential insider trading. This initiative is part of a broader effort to develop a regulatory framework for the cryptocurrency sector, which gained momentum following concerns over unlicensed operations and money laundering. Thailand experienced a significant insider trading scandal in 2022 involving Bitkub's chief technology officer, prompting the SEC to tighten oversight. The move to establish clearer regulations follows previous announcements regarding the use of credit cards and licensed crypto service providers for transactions. This consultation signifies Thailand's commitment to establishing a secure and regulated environment for crypto activities and preventing insider trading.

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