The Securities and Exchange Commission (SEC) of Thailand has opened the duration of consultation for feedback on rules that will allow exchanges or individuals to release utility tokens, According For a Friday statement.
Under the proposed rules, the exchanges must disclose the names of anyone associated with tokeers, which will aid the SEC to monitor the signals of insider trading. The scheme is part of Thailand’s efforts to establish a regulatory structure for the Crypto industry.
https://www.youtube.com/watch?v=wjs2kxhdexg?
The country announced in May Tourists plan to allow crypto to spend Through credit card, a few days ago Blocking crypto exchanges okx and bybit In the country on concerns about operating unlicensed operations and money laundering. A month later, it announced Capital profit tax exemption on crypto sales Licensed crypto service made through service providers.
Thailand was home to a crypto insider trading scandal in 2022. In August of that year, the SEC alleged that the Chief Technology Officer of Bitkab, one of the biggest exchange of the country, Inner information used To buy some tokens in front of a major deal.
Connected: Kookin spreads with SEC-infinite exchange in Thailand
Insider trading in crypto
Insider trading is the task of buying or selling security Based on private, non -paper informationThis practice is considered illegal in many courts, but accurate rules depend on the regulation body, such as the respective securities and exchange commission of the country.
there is There are many examples of alleged insider trading In Crypto market industry.
In 2021, Opensea Employees Nat Chastain was accused of using insider knowledge to buy NFT which were to be painted on the Openia Homepage soon. Wire fraud and money laundering and chastein were convicted in 2023 was sentenced For three months in jail.
In 2022, there were three coinbase employees Was accused With insider trading. There were two of them was sentenced To jail.
Recently, benance An employee suspended After checking the alleged insider trading in March. There Insider trading charges were also A blockchain analytics firm surrounded US President Donald Trump’s Memcoin official Trump (Trump) after analyzing the unusual behavior of whale wallet.
magazine: Trump’s crypto venture enhances conflict of interests, Insider Trading Questions
