Thailand SEC to Ban Unlicensed Crypto Exchanges by June 2025
Through its Securities and Exchange Commission (SEC), Thailand’s government is cracking down on big cryptocurrency platforms like Bybit, 1000X, CoinEx, OKX, and XT.COM. Starting June 28, 2025, these platforms will be blocked in Thailand as they don’t have the proper operating licenses.
As per the reports, the country has stated that the cryptocurrency platforms that are being blocked by it can have the legal licenses by June 28, 2025, to operate legally. If they don’t, they will have to stop serving people in Thailand. The country wants to support new ideas in cryptocurrency but also make sure everything is legal and secure, and the platforms follow the country’s rules.
This government action can cause problems for people using…
