The Securities and Exchange Commission of Thailand has 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 platforms.

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.

This is done to protect investors and to stop the use of unauthorized platforms for trading digital assets as a channel for money laundering, the Thai regulator stated.