Thai Authorities Step Up Crypto Oversight with 2025 Deadline for Licensing
Thailand’s SEC has charged five unlicensed crypto platforms—Bybit.com, 1000x.live, Coinex, OKX, and XT.COM. With operating without licenses under the Digital Asset Business Act.
To protect investors and combat money laundering, the SEC has submitted these platforms’ information to the Ministry of Digital Affairs, which will block public access to them starting June 28, 2025. The SEC urges users to withdraw their assets before the blocking date and warns against using unlicensed digital asset services. Such platforms offer no legal protection. And users risk falling victim to scams or being unknowingly involved in money laundering schemes.
Clever Robot News Desk 31th May 2025
