Thailand's Securities and Exchange Commission is set to block access to crypto exchanges like Bybit, 1000X, CoinEx, OKX, and XT.com due to licensing violations.
The ban is a result of these platforms offering crypto trading services without proper authorization, breaching local regulatory requirements.
Enforcement of the ban is scheduled to begin on June 28, 2025, with Thailand's Ministry of Digital Economy and Society blocking local access to the websites of the affected exchanges.
The move aligns with Thailand's efforts to enhance investor protection and financial transparency in its rapidly expanding digital asset sector.