Thailand’s Securities and Exchange Commission (SEC) has taken legal action against OKX operator Aux Cayes FinTech Co. Ltd. for operating an unlicensed digital asset trading platform.
The SEC filed a complaint against OKX and nine individuals for promoting the illegal exchange activities of OKX in Thailand.
OKX used social media networks, including Telegram and Twitter, to extensively advertise its unlicensed trading platform in Thailand.
Thai authorities warned investors about the risks of using unlicensed digital asset service providers and continue their regulatory actions to clamp down on cryptocurrency trading activities.