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THAILAND TO BLOCK BYBIT, OKX, COINEX, XT, AND 1000X ON JUNE 28: DETAILS… - The Thai SEC is cracking down hard on unlicensed crypto platforms. Starting June 28, 2025, access to Bybit, OKX, CoinEx, XT(.)COM, and 1000X will be blocked nationwide. Key points: - These platforms are suspected of running without proper licenses, violating Thailand’s Digital Asset Business Act of 2018. - The case is now with the Economic Crime Suppression Division for investigation and legal action. - This move follows the Royal Decree on Technology Crime Prevention and Suppression (Version 2) of 2025, which provides regulators with stronger enforcement tools. - The Ministry of Digital Economy and Society will carry out the network block to protect investors and prevent alleged money laundering. - Thailand has been tightening crypto rules aggressively since April 2025, adding new powers to fight illicit digital asset activities. - In a related development, Thailand plans to issue an investment-grade crypto token valued around $150 million to the public soon. - This token aims to offer better returns than traditional bank deposits, signaling a push toward regulated crypto innovation.
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🚨UPDATE: OFAC SANCTIONED PHILIPPINES-BASED FUNNULL TECHNOLOGY FOR AIDING $200M CRYPTO SCAMS TARGETING U.S. VICTIMS
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🚨UPDATE: KYRGYZSTAN PLANS TO ADOPT THE GOLD-BACKED STABLECOIN, USDKG, AS LEGAL TENDER
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🚨JUST IN: THAILAND SEC TO BLOCK BYBIT, OKX, COINEX, XT, AND 1000X ON JUNE 28 FOR OPERATING WITHOUT A LICENSE
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🚨JUST IN: BINANCE ALPHA ADDS LAYEREDGE (EDGEN) TO ITS PLATFORM, TRADING BEGINS JUNE 2
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