Thailand’s Securities and Exchange Commission announced Thursday that exchanges Bybit, 1000X, CoinEx, OKX and XT will be banned for unauthorized offering of services to local users on their online websites.
“This is to protect investors and stop the use of unauthorized digital asset trading platforms as a money laundering channel,” the Thai regulator said in a translated statement.
The country’s Ministry of Digital Economy and Society will block local access to the platforms starting June 28, 2025.
The Block has reached out to the exchanges for comments.
In April last year, the Thai SEC announced its plans to cut off local access to unlicensed digital asset trading platforms, following a meeting with a government committee on preventing technology-related crimes.
Amid actions to mitigate money laundering risks in the local crypto space, Thailand is reportedly planning to issue around $150 million worth of an investment-grade crypto token to its public in the following months. The token would allow investors to earn a higher return than they would on bank deposits, Bloomberg reported, citing Finance Minister Pichai Chunhavajira.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
