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Thai SEC Consults on Rules Allowing Exchanges to Offer Utility Tokens
The regulator is proposing allowing crypto exchanges to issue their own utility tokens.
Updated Jun 20, 2025, 1:56 p.m. Published Jun 20, 2025, 12:11 p.m.
What to know:
- Thailand's Securities and Exchange Commission (SEC) opened up a consultation on rules for exchanges to issue their own utility tokens.
- The SEC is proposing letting exchange issue tokens while putting in place provisions to allow the regulator to monitor for illicit activity, such as insider trading.
Thailand's Securities and Exchange Commission (SEC) opened a consultation on rules for exchanges to issue their own utility tokens.
The regulator is proposing allowing crypto exchanges, or a person related to the exchange, to issue utility tokens for blockchain transactions, it said on its website. Exchanges will have to disclose the names of anyone related to token issuers so the SEC can monitor for insider trading.
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The consultation comes as the regulator looks to strike a balance between allowing innovation while preventing illicit activity. In May it said citizens will be 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 list of approved tokens that can be traded on exchanges. Previously, only bitcoin , ether , XRP , stellar and some tokens used in the Bank of Thailand’s settlement system were approved by the SEC.
Thailands' SEC will be gathering opinions on its rules up until July 21, it said.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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