The Securities and Exchange Commission (SEC) of Thailand has announced it will block access to five major crypto exchanges — Bybit, OKX, CoinEx, 1000X, and XT.com — effective June 28, 2025. The move comes amid accusations of non-compliance with Thai financial regulations and anti-money laundering (AML) laws.
🔒 Why This Matters:
According to the Thai SEC, these platforms failed to meet legal standards for operating within the country. The decision is part of a broader regulatory push to enforce stricter compliance, KYC, and AML protocols, ensuring investor protection and financial stability.
💬 Official Statement Highlights:
Cited failure to meet Thai regulatory requirements
Concerned over AML risks and investor safety
Strong emphasis on enforcement against unlicensed operators
📢 Important for Thai Users:
The SEC has issued a clear advisory for all local users: begin withdrawing assets from these platforms immediately. After June 28, access to these exchanges will be restricted within Thailand, and users risk losing access to their funds.
⏳ Deadline to Act: June 28, 2025
Ensure your assets are withdrawn in time to avoid complications. This is a critical step to protect your digital holdings.
🇹🇭 Thailand’s Evolving Crypto Regulation:
This development is part of the Thai SEC’s larger efforts to create a safer, regulated crypto environment. Similar to global trends, Thailand is aiming to tighten oversight on foreign platforms that operate without proper licenses or fail to adhere to compliance protocols.
🔗 Stay Informed and Stay Safe:
As the regulatory landscape evolves, Binance continues to work with regulators worldwide to ensure a compliant and secure trading experience. We encourage our users to keep informed and always prioritize safety.
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