Thai watchdog seeks criminal action against crypto exchange OKX for lack of license
The Thai Securities and Exchange Commission has filed a criminal complaint against global cryptocurrency exchange OKX for operating without a license in the country.
The complaint, which will be handled by the Economic Crime Suppression Division, said that OKX, operated by Aux Cayes Fintech Co. Ltd., has run an unlicensed digital asset exchange since Oct. 15, 2021.
The SEC said OKX promoted its platform and collected transaction fees and so is subject to criminal penalties.
Nine individuals are also accused of promoting the unlicensed platform on social media, according to financial consultancy Kapronasia.
The SEC also said that OKX failed to implement adequate user identity…
