Thailand: Securities and Exchange Commission adopted order expanding list of designated cryptocurrencies to include USD Coin and Tether

On 6 March 2025, Thailand's Securities and Exchange Commission adopted an order amending the criteria for the list of eligible cryptocurrencies to be used in digital token investments via Initial Coin Offerings (ICO). The revised regulations add two cryptocurrencies, USD Coin (USDC) and Tether (USDT). It requires ICO portals to accept them from investors or issuers for transactions, and for digital asset exchanges to use as base trading pairs, in addition to existing cryptocurrencies including Bitcoin and Ethereum. The order enters into effect on 16 March 2025.