Thailand is revising regulations to integrate blockchain and crypto into its carbon markets, aiming to become a regional leader in sustainable finance.

🔹 Tokenized Carbon Credits: Proposed rules will allow blockchain-based trading of carbon credits, allowances, and renewable energy certificates.

🔹 SEC Amendments: The Thai SEC's draft regulation would lift restrictions on digital asset firms entering the carbon market.

🔹 Blockchain Benefits: Enhances transparency, minimizes greenwashing, lowers costs, and boosts market liquidity.

🔹 Sustainability Goals: Supports Thailand’s 2050 carbon neutrality target through innovation and finance convergence.

🔹 Strategic Partnerships: Thai SEC teams up with Intercontinental Exchange (ICE) to build a world-class carbon trading platform.

🔹 New Tax & Trading Initiatives:
- Carbon tax: ฿200/ton (~$5.90 USD/ton) approved in March
- Voluntary carbon market set for launch by 2027

🔹 Balancing Innovation & Risk: While promising, blockchain carbon markets must overcome issues like credit duplication and real-time tracking, highlighted by concerns from Verra. @VerraStandards

🔗https://t.co/aPwToiCna1