The Securities and Exchange Commission of Thailand (SEC) has announced the blocking of five cryptocurrency exchanges — Bybit, OKX, CoinEx, 1000X, and XT.COM — starting from June 28, 2025, due to the lack of licenses. This move is part of a strategy to protect investors and prevent money laundering, according to the Royal Decree on Digital Assets B.E. 2561 (2018). The SEC has filed complaints with the Economic Crime Suppression Division, and the Ministry of Digital Economy and Society (MDES) will technically restrict access to these platforms.
The regulator urges investors to withdraw assets by the deadline, warning of fraud risks and the lack of legal protection on unlicensed platforms. Meanwhile, Thailand is developing digital assets: G-Token — a state digital asset for investing in government bonds — will be launched in July 2025.
This action reflects the tightening regulation of the crypto market in Southeast Asia, where governments balance innovation and control. Investors are advised to check the licenses of platforms through the SEC Check First app.
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