THAILAND TO BLOCK BYBIT, OKX, COINEX, XT, AND 1000X ON JUNE 28: DETAILS…

- The Thai SEC is cracking down hard on unlicensed crypto platforms. Starting June 28, 2025, access to Bybit, OKX, CoinEx, XT(.)COM, and 1000X will be blocked nationwide.

Key points:

- These platforms are suspected of running without proper licenses, violating Thailand’s Digital Asset Business Act of 2018.

- The case is now with the Economic Crime Suppression Division for investigation and legal action.

- This move follows the Royal Decree on Technology Crime Prevention and Suppression (Version 2) of 2025, which provides regulators with stronger enforcement tools.

- The Ministry of Digital Economy and Society will carry out the network block to protect investors and prevent alleged money laundering.

- Thailand has been tightening crypto rules aggressively since April 2025, adding new powers to fight illicit digital asset activities.

- In a related development, Thailand plans to issue an investment-grade crypto token valued around $150 million to the public soon.

- This token aims to offer better returns than traditional bank deposits, signaling a push toward regulated crypto innovation.