The Securities and Exchange Commission of Thailand (SEC) has just announced that it will block access to unlicensed cryptocurrency exchanges such as Bybit, 1000X, CoinEx, OKX, and XT.COM starting from June 28, 2025. The decision was made under the Royal Decree on Technology Crime Prevention 2025 (version 2).
Strong action for investors
According to the official announcement, the aforementioned exchanges are accused of operating in Thailand without a license, violating the 2018 Digital Asset Business Act. The case has been referred to the Bureau of Economic Crime Prevention for further investigation.
Objective: Prevent money laundering and protect users
The SEC stated that this measure aims to protect Thai investors and prevent the misuse of exchanges for money laundering. Access blocking will be implemented nationwide by the Ministry of Digital Economy and Society.
Thailand tightens regulation of the crypto market
Starting from April 2025, Thailand has expanded the legal enforcement rights under the Technology Crime Prevention Act, indicating that the country is tightening oversight of the cryptocurrency market following a series of concerns about fraud and scams.
Contact Binance users and the crypto market
This move emphasizes the importance of trading on platforms with clear licenses, especially for Binance users – which is an exchange that has been legally licensed to operate in Thailand. Such policy changes may create opportunities for compliant platforms to attract users.
Risk warning: The cryptocurrency market always carries inherent volatility and legal risks. Users should thoroughly research the exchange and legal regulations in their country of residence before participating in investment. #anhbacong #thailand