Thailand Implements Long-Promised Crackdown on Major Crypto Exchanges
Thailand’s Securities and Exchange Commission has moved forward with its long-anticipated crackdown on unauthorized cryptocurrency exchanges, announcing Thursday that five major platforms will be blocked from serving local users starting June 28, the agency said in a statement.
The banned exchanges include Bybit, OKX, CoinEx, 1000X, and XT, all cited for “unauthorized offering of services to local users on their online websites.” The Ministry of Digital Economy and Society will implement the technical blocks preventing Thai residents from accessing these platforms.
“This is to protect investors and stop the use of unauthorized digital asset trading platforms as a money laundering channel,” the Thai regulator said, adding that it…
