The Securities and Exchange Commission (SEC) of Thailand will prohibit five cryptocurrency exchanges from operating in the country, including Bybit and OKX.
According to an announcement on May 29, Bybit, 1000X, CoinEx, OKX, and XT.COM will be blocked in Thailand on June 28. The SEC stated that this move aims to "protect investors and combat illegal platforms used for money laundering."
"The SEC advises all investors using these platforms to take necessary actions regarding their assets before the closure date," the agency said.
This decision was made following the Royal Decree on the Prevention and Suppression of Technology Crimes, which came into effect on April 13 in Thailand. Under the new regulations, the Ministry of Digital Economy and Society (MDES) has the authority to block unauthorized digital asset trading platforms.
In early April, the Thai Cabinet approved amendments to the emergency decree on digital asset business and cybercrime prevention measures. The new regulations aim to "curb and prevent" foreign cryptocurrency peer-to-peer (P2P) service providers, as they are considered digital asset exchanges under Thailand's Digital Asset Business Act.
After gathering information on the five cryptocurrency exchanges, the SEC filed a formal complaint with the MDES, accusing them of violating the Royal Decree on Digital Asset Business. The related violations involve operating without a valid local license, and this complaint is expected to lead to the blocking of these services in Thailand on June 28.
The regulatory agency urged the public to exercise caution when using unlicensed cryptocurrency services, noting that users will not be protected by Thai law and may face risks including fraud and money laundering.
As of the time of publication, Bybit and OKX had not responded to Cointelegraph's inquiries.
In recent months, Thailand has taken a cautious approach to digital asset regulation. In early May, it was reported that the government was preparing to allow tourists to use cryptocurrency for consumption through credit card-linked platforms, as part of its broader strategy to modernize the financial system and embrace digital assets.
Additionally, it was reported that the Thai Ministry of Finance plans to issue digital investment tokens worth $150 million, allowing retail investors to purchase government bonds. In March, local regulators approved Tether's USDt (USDT) and Circle's USDC (USDC) for cryptocurrency trading, allowing these stablecoins to be listed on regulated exchanges nationwide.
Related: DCG Poll: Decentralized Artificial Intelligence (AI) Favored by Most Americans
Original: “Thailand SEC to Block Bybit, OKX and Four Other Cryptocurrency Exchanges on June 28”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
