Thailand’s Securities and Exchange Commission (SEC) is taking tough action against unlicensed cryptocurrency exchanges operating in the country. According to the agency’s latest statement, access to platforms such as OKX, Bybit, CoinEx, 1000X and XT.com will be blocked as of June 28, 2025.

Thailand Blocks Access to OKX, Bybit and Other Exchanges Due to Unlicensed Status

Thailand’s SEC filed a formal complaint with the Economic Crimes Division, stating that the exchanges in question violated the Digital Asset Business Law, and also requested the Ministry of Digital Affairs to impose access restrictions on these platforms.

The SEC urged investors trading on these platforms to secure their assets before the ban goes into effect. The agency also emphasized that only licensed exchanges should be used to ensure investor protection and prevent illegal activities such as money laundering.

Statement from OKX: “We Support Constructive Communication”

Following the decision, an OKX spokesperson said, “We are committed to cooperating with governments and law enforcement agencies to combat illegal activities such as money laundering. We believe that constructive communication with regulators is vital for the sustainable development of the digital asset industry.”

Thai authorities first brought up this access ban in April 2024, warning investors in the country against unlicensed exchanges.

This development shows that crypto regulations in Southeast Asia are becoming increasingly stricter, with investor safety coming to the forefront.

*This is not investment advice.

Continue Reading: Far Eastern Country Thailand Blocks Numerous Cryptocurrency Exchanges! Here Are the Blocked Exchanges