Thai SEC Proposes Insider Trading Rules to Boost Crypto Market Transparency
Thailand’s Securities and Exchange Commission (Thai SEC) has unveiled proposed insider trading rules targeting the crypto token market, with a particular focus on Bitcoin (BTC). The framework emphasizes strict prohibitions against exploiting non-public information, aiming to enhance market transparency and investor confidence. As part of the regulatory process, the SEC has opened a public consultation phase, inviting feedback from exchanges, traders, legal experts and other stakeholders to ensure practical, adaptable insider trading rules. Once adopted, exchanges and brokerage firms will face higher compliance obligations, including enhanced disclosure requirements, tighter monitoring of trading activities and upgraded internal controls. While these measures may increase operational costs initially, they are expected to attract more institutional and retail investors by reinforcing market integrity. The initiative positions Thailand alongside international best practices and could improve liquidity and price stability in its crypto market, further establishing the country as a regional hub for blockchain innovation.
Bullish
The proposed insider trading rules by the Thai SEC are likely bullish for the crypto market. By curbing information asymmetry and market manipulation, the regulations foster a fair trading environment, which historically attracts institutional investors and boosts liquidity. Similar rule‐making efforts in traditional markets and other jurisdictions—such as the U.S. SEC’s enforcement actions—have led to greater investor confidence and sustained price stability. In the short term, trading volumes may fluctuate as firms adjust compliance frameworks; in the long term, clearer rules reduce regulatory uncertainty, encourage broader participation, and support healthier market dynamics.