Thailand's financial watchdog, the SEC, is cracking down on unlicensed crypto exchanges, including OKX, Bybit, CoinEx, $1000X, and XT.com. Starting June 28, access to these platforms will be blocked across the country.
The reason? These exchanges have been charged with violating Thailand’s Digital Asset Business Act, and the SEC has already requested the Ministry of Digital Affairs to enforce the ban.
What does this mean for Thai crypto traders?
👉 Withdraw your funds now from these platforms to avoid losing access.
👉 Switch to licensed exchanges to stay safe and legal.
👉 The SEC warns that using unlicensed platforms could expose investors to risks like money laundering and fraud.
A spokesperson from OKX commented:
"We are committed to working with governments to prevent illicit activities and believe constructive dialogue is key to the industry's future."
If you’re in Thailand and have assets on these platforms, don’t wait—secure them before June 28 to avoid potential losses!
🔒 Stay safe, stay compliant, and keep your crypto journey risk-free. 🚀
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