#TradingTypes101 By the end of June, the Bybit and OKX exchanges will cease operations in Thailand.

The Securities and Exchange Commission of Thailand announced that starting June 28, 2025, the exchanges Bybit, 1000X, CoinEx, OKX, and XT will be banned for unauthorized provision of services to local users on their online sites.

According to the agency, the authorities were forced to make this decision to reduce the risk of money laundering and prevent crimes related to digital assets.

In mid-April, a decree came into force in Thailand that granted the Commission the authority to block websites and applications offering financial services to the country's citizens. Additionally, the new law provides for stricter penalties for individuals associated with "mule accounts."

Legal entities found guilty of opening or providing others access to their digital assets for the commission of cybercrimes may face up to three years in prison or a fine of up to 300,000 baht (around $9,163).

At the same time, the authorities of Thailand do not intend to abandon digital assets.