Thailand SEC to Block Unlicensed Crypto Exchanges, Including Bybit and OKX, from June 28, 2025

PANews, May 30 – The Securities and Exchange Commission (SEC) of Thailand has announced that it will block access to several unlicensed digital asset trading platforms, including Bybit, 1000X, CoinEx, OKX, and XT.COM, starting June 28, 2025. This action is being taken under the authority granted by the Royal Decree on the Prevention and Suppression of Technology Crimes (Version 2), 2025.

According to the SEC, a recent investigation revealed that these platforms are operating without the required licenses, in violation of the Royal Decree on Digital Asset Businesses, 2018. As a result, the matter has been referred to the Economic Crime Suppression Division for further legal action.

The regulatory body emphasized that the move is intended to protect investors from the risks associated with unregulated trading platforms and to prevent their misuse for activities such as money laundering. The Ministry of Digital Economy and Society will be responsible for enforcing the block through network-level restrictions.

This step reflects Thailand’s continued tightening of its cryptocurrency regulations. In April 2025, the country expanded enforcement powers under the Technology Crime Prevention and Suppression Act, signaling a broader commitment to regulatory oversight in the digital asset space.

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