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๐๏ธ๐๏ธThe Thai Securities and Exchange Commission (SEC) announced on May 29 that it will block five cryptocurrency exchanges, including Bybit and OKX, from operating in the country starting June 28. This decision is in line with the Royal Decree on Measures for the Prevention and Suppression of Technology Crimes, which aims to crack down on illegal platforms used for money laundering. The SEC advised investors using these platforms to take necessary action regarding their assets before the shutdown date. The regulator filed formal complaints with the Ministry of Digital Economy and Society (MDES) against the exchanges for operating without a valid local license. Thailand has been taking a measured approach towards digital asset regulation, with recent developments including plans to allow tourists to spend cryptocurrency and issuing digital investment tokens worth $150 million. The country also approved stablecoins like Tether's USDt and Circle's USDC for cryptocurrency trades on regulated exchanges...
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