Thailand Will Block Access to OKX, Bybit, 1000X and XT.com From June 28, Citing Lack of License
- Thailand’s Securities and Exchange Commission plans to restrict access to five prominent cryptocurrency exchanges lacking proper authorization, starting June 28, 2025.
- The decision follows new laws and a Royal Decree enacted in April 2024 that empower authorities to swiftly block unauthorized digital asset platforms to protect investors.
- The targeted exchanges—Bybit, OKX, 1000X, CoinEx, and XT.com—were found operating without official licenses and offering services to Thai users despite warnings since April 2024.
- The SEC has pressed charges against these platforms through the country's Economic Crime Suppression authorities for breaching the Digital Asset Business Act and has advised users to secure their assets ahead of the upcoming restrictions.
- This enforcement reflects Thailand's broader effort to regulate digital assets, improve market transparency, and prevent illicit activities like money laundering.
24 Articles
24 Articles
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Thailand SEC Bans Unlicensed Crypto Exchanges by June 2025
Thailand’s Securities and Exchange Commission (SEC) has taken a decisive step in its ongoing efforts to regulate the burgeoning cryptocurrency market by announcing plans to block access to several major crypto exchanges operating without proper licenses. Effective June 28, 2025, platforms such as OKX, Bybit, 1000X, and XT.COM will face restrictions in the country, marking a significant escalation in the Thai government’s crackdown on unlicensed …
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