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Thailand’s SEC to Block Bybit, OKX, CoinEx, 1000X, and XT Crypto Exchanges June 28 Over Unauthorized Services and Money Laundering

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Updated Jun 1, 2025, 08:03 AM

Thailand's Securities and Exchange Commission (SEC) has announced that five major cryptocurrency exchanges—Bybit, OKX, CoinEx, 1000X, and XT.com—will be banned from operating in the country starting June 28, 2025. The SEC cited unauthorized provision of services to local users, legal violations, and concerns over suspected money laundering activities as reasons for the ban. The Ministry of Digital Economy and Society will implement network blocks to protect investors and prevent illicit activities. Additionally, the Ministry noted that some of these platforms contained content related to online gambling and pornography, further justifying the blocking measures. Investors have been urged to withdraw their funds ahead of the enforcement date.

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#Thailand #Securities and Exchange Commission #SEC #Bybit #OKX #CoinEx #1000X #Ministry

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Sources

xt.com(2)coindesk.com techmeme.com tekno.kompas.com

BSCN

@BSCNews

THAILAND TO BLOCK ACCESS TO BYBIT, OKX, COINEX, 1000X, AND XT STARTING JUNE 28 - Thailand’s Securities and Exchange Commission (SEC) has announced that five major crypto exchanges, Bybit, OKX, CoinEx, 1000X, and XT[.]com, will be blocked from operating in the country beginning

Crypto Briefing

@Crypto_Briefing

🚨 Thailand SEC will block five crypto exchanges, including Bybit, OKX, 1000X, CoinEx, and from operating in the country effective June 28

Techmeme

@Techmeme

Thailand files charges against, and orders the blocking of crypto exchanges Bybit, CoinEx, OKX, 1000X, and from June 28 for operating without a license (@thesamreynolds / CoinDesk)