Thailand’s Securities and Exchange Commission (SEC) has announced a sweeping move to block access to several unlicensed cryptocurrency exchanges operating in the country, including major players like OKX, Bybit, CoinEx, 1000X, and XT.com. Starting June 28, 2025, these platforms will be officially blacklisted for failing to secure the proper licenses under Thailand’s Digital Asset Business Act.
The SEC stated that it has filed formal charges against the offending exchanges and requested the Ministry of Digital Affairs to enforce the restrictions. In response, the SEC is urging investors to swiftly withdraw their funds and close accounts on these platforms to avoid potential losses or complications.
This aggressive regulatory action highlights Thailand’s commitment to maintaining a well-regulated digital asset ecosystem. By targeting unlicensed exchanges, the SEC aims to safeguard investors and ensure compliance with anti-money laundering standards and other key financial regulations.
The move also serves as a reminder to both domestic and international players that Thailand’s growing crypto market will not compromise on security or investor protection. As the country continues to develop its digital economy, only fully licensed platforms will be allowed to operate.
