5 hours ago
Thailand's Securities and Exchange Commission (SEC) opened a consultation connected rules for exchanges to contented their ain inferior tokens.
The regulator is proposing allowing crypto exchanges, oregon a idiosyncratic related to the exchange, to contented inferior tokens for blockchain transactions, it said connected its website. Exchanges volition person to disclose the names of anyone related to token issuers truthful the SEC tin show for insider trading.
The consultation comes arsenic the regulator looks to onslaught a equilibrium betwixt allowing innovation portion preventing illicit activity. In May it said citizens volition beryllium blocked from accessing crypto exchanges including Bybit and OKX from June 28, citing violations of the Digital Asset Business Act.
In March it added Tether's USDT stablecoin and Circle's (CRCL) USDC to its database of approved tokens that tin beryllium traded connected exchanges. Previously, lone bitcoin BTC, ether ETH, XRP XRP, stellar XLM and immoderate tokens utilized successful the Bank of Thailand’s colony strategy were approved by the SEC.
Thailands' SEC volition beryllium gathering opinions connected its rules up until July 21, it said.
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