Thailand's Securities and Exchange Commission (SEC) has initiated a consultation on proposed regulations that would enable cryptocurrency exchanges to issue their own utility tokens. The SEC aims to implement measures that would allow for monitoring of illicit activities, including insider trading, associated with these tokens. Under the proposed rules, exchanges or individuals affiliated with them would be allowed to issue utility tokens for blockchain transactions, with the requirement that they disclose relationships with token issuers. This move comes as the SEC seeks to balance fostering innovation in the crypto space while ensuring compliance with regulations. Concurrently, the SEC has taken action against certain exchanges, announcing restrictions on companies like Bybit and OKX, citing non-compliance with the Digital Asset Business Act. In recent months, the SEC has also expanded the list of approved tokens for trading by including Tether's USDT and Circle's USDC, alongside previously approved cryptocurrencies like Bitcoin and Ethereum. The SEC's consultation period will run until July 21, providing an opportunity for stakeholders to provide feedback on these developments.

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