Bangkok: The SEC has revised the criteria for the list of cryptocurrencies announced by the SEC by adding USDC and USDT to the list of cryptocurrencies that can be received as a reward or for transactions, effective March 16, 2025. The Securities and Exchange Commission (SEC) has revised the list of cryptocurrencies announced by the SEC to allow digital token issuers to accept cryptocurrencies in return and digital token offering portal service providers to accept cryptocurrencies from investors or issuers in transactions. It also allows digital asset exchanges to buy or exchange digital assets with two additional cryptocurrencies: USD Coin (USDC) and Tether (USDT), effective from March 16, 2025 onwards.
According to Thai News Agency, as the SEC has specified a list of cryptocurrencies that Issuers, ICO Portals, and Digital Asset Exchanges can receive as compensation or transact or use to trade or exchange on the Digital Asset Exchange, there are currently 5 lists: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and cryptocurrencies used in testing programmable payments under the Enhanced Regulatory Sandbox according to the criteria and conditions of the Bank of Thailand (BOT). Therefore, in order for the criteria to be more flexible in doing business, the SEC has opened for public hearings on the principles of the amendment of the list of cryptocurrencies announced by the SEC, which was completed in February 2025, with most of the commentators agreeing with the principles and the draft announcement.
The SEC has therefore issued an announcement to improve the list of cryptocurrencies announced by the SEC to support Issuers to receive cryptocurrencies in return, ICO Portals to accept cryptocurrencies from investors or Issuers in transactions, and digital asset exchange business operators to buy, sell, or exchange digital assets with 2 additional cryptocurrencies: USDT and USDC. This announcement of the criteria will be effective from 16 March 2025 onwards.
