Thailand SEC to Block Cryptocurrency Exchanges Amid Licensing Issues

The Thailand Securities and Exchange Commission has announced that it will block major cryptocurrency exchanges Bybit, 1000X, CoinEx, OKX, and XT.com on June 28, 2025. The move comes after the SEC discovered the so-called platforms were operating as unlicensed digital asset businesses in the country. 

The regulatory body will initiate legal proceedings against the cryptocurrency exchanges with the Economic Crime Suppression Division. The Ministry of Digital Economy and Society will move swiftly to block access to these platforms. The Thai SEC has requested that all investors withdraw their assets from the affected exchanges by June 28. 

This action is part of Thailand’s broader crypto clampdown aimed at mitigating money laundering and protecting citizens’ assets. Meanwhile, OKX has responded to the news and is engaging with the regulator to address the problem.