Thailand SEC Expands Approved Cryptocurrencies to Include USDT and USDC
Thailand’s Securities and Exchange Commission (SEC) has added USDC and USDT to its list of approved cryptocurrencies. This update will be effective on March 16, 2025, impacting investments in digital tokens through initial coin offerings (ICOs) and expanding accepted cryptocurrencies on ICO portals and exchanges.
- The revised framework permits USDC and USDT for investment in ICOs and as base trading pairs.
- Previously approved cryptocurrencies included Bitcoin, Ethereum, Ripple, Stellar, and tokens from the Bank of Thailand’s Programmable Payment Sandbox.
- The addition aims to increase liquidity and enhance investment opportunities.
- A public consultation in February 2025 showed majority support for including stablecoins in the approved list.
- This change is part of Thailand's strategy to refine its regulatory framework for digital assets.
- ICO issuers can accept USDC and USDT, facilitating smoother transactions.
- Exchanges can list these stablecoins as base pairs, potentially increasing trading volumes.
- The SEC prioritizes regulatory clarity while balancing investor protection with market innovation.
This inclusion aligns with global trends recognizing the importance of stablecoins in digital finance, signaling a proactive approach to adapting policies in Thailand's evolving digital asset landscape.