๐จ BREAKING: ๐น๐ญ Thailand SEC to Block Major Crypto Platforms on June 28! โ๐
Thailandโs Securities and Exchange Commission (SEC) has announced it will block access to several popular crypto exchanges for operating without a license. ๐
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โ ๏ธ Platforms Affected:
โ Bybit
โ 1000X
โ CoinEx
โ OKX
โ XT.COM
These platforms will be banned in Thailand starting June 28, 2025 ๐๏ธ๐ซ
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๐งพ What You Need to Know:
๐ The SEC says these exchanges are running unauthorized digital asset businesses
โ๏ธ OKX is facing a criminal complaint โ active since 2021 without a license
๐ธ Investors are urged to withdraw funds immediately to avoid risk
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๐ SEC Statement:
> โUsing unlicensed platforms poses serious risksโฆ investors may not be protected under Thai law.โ ๐ก๏ธ
๐ Official source via Cointelegraph
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๐ง Why This Matters:
๐ Crackdowns like this could signal stricter crypto regulation across Asia
๐ Could Binance and other licensed platforms see a user boost?
๐ Reminder: Always trade on regulated exchanges to stay protected
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๐ฌ Whatโs your take? Is this good for the crypto space or a setback for decentralization?
Letโs discuss ๐
