Thailand’s Securities and Exchange Commission (SEC) has announced plans to block access to five unlicensed crypto trading platforms—Bybit, 1000X, CoinEx, OKX, and XT.COM—starting 28 June 2025.
The move is in line with the Royal Decree on Measures for the Prevention and Suppression of Technology Crime (No. 2) B.E. 2568, which came into effect on 13 April 2025.
The decree authorises the Ministry of Digital Economy and Society to restrict access to illegal online services.
Following an investigation, the SEC found that the five platforms were operating without licenses under the Digital Asset Business Act B.E. 2561 and has filed charges with the Economic Crime Suppression Division for further legal action.
Authorities say the measure aims to protect investors and prevent the misuse of unauthorised platforms for illicit activities, including money laundering.
The Ministry of Digital Economy and Society will enforce the block following the SEC’s request.
The SEC advised users of the affected platforms to take appropriate steps regarding their assets before the block takes effect.
The public is also reminded that using services from unlicensed crypto operators carries legal and financial risks.
Such platforms are not supervised by the SEC and may be linked to scams or other fraudulent activities.
A list of licensed operators is available on the SEC’s official website and through the SEC Check First app.
The regulator also maintains an Investor Alert page highlighting unlicensed entities.
Suspicious activity can be reported through the SEC’s Complaint and Whistleblowing Center by calling 1207, via the SEC’s official Facebook page, or through live chat on the SEC website.
Featured image: Edited by Fintech News Singapore, based on image by upklyak via Freepik
