INSUBCONTINENT EXCLUSIVE:
individuals connected to an exchange to issue utility tokens, according to a Friday statement.Under the proposed rules, exchanges would have
to disclose the names of anyone associated with the token issuers, which would assist the SEC in monitoring for signs of insider trading
allow tourists to spend crypto via credit cards, just a few days before blocking crypto exchanges OKX and Bybit in the country over concerns
about unlicensed operations and money laundering
A month later, it announced a waiver on capital gains tax on crypto sales made through licensed crypto 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 Bitkub, one of the largest exchanges in the country, used
insider information to purchase certain tokens ahead of a major deal.Related: KuCoin expands into Thailand with SEC-approved exchangeInsider
trading is the act of buying or selling a security based on private, nonpublic information
In 2021, OpenSea employee Nate Chastain was accused of using insider knowledge to buy NFTs that were soon to be featured on the OpenSea
Chastain was convicted in 2023 of wire fraud and money laundering and sentenced to three months in prison.In 2022, three Coinbase employees
were charged with insider trading
Two of them were sentenced to prison
More recently, Binance suspended a staffer in March after an investigation into alleged insider trading
