Thailand’s SEC proposes regulatory amendments to boost carbon credit market. (Photo:iStock)
To stimulate its carbon trading market, the Thai government is revising regulations to relax cryptocurrency oversight. The proposed changes would allow the tokenization of carbon credits, carbon allowances, and renewable energy certificates using blockchain technology.
This move is expected to attract digital asset managers, brokerage firms, and traders to the market, reinforcing Thailand’s ambition to become a carbon trading hub.
New rules encourage crypto players to enter carbon market
Thai Securities and Exchange Commission (SEC) revised its utility token framework in August last year, excluding consumer utility tokens from regulatory oversight. This effectively barred digital asset managers from offering emission reduction-related tokens, as carbon credits, carbon allowances, and renewable energy certificates were classified as consumer utility tokens.
