From Cointelegraph

May 30, 2025 6:01 am:

The Thai SEC will block five crypto exchanges, including Bybit and OKX, from operating in the country on June 28. The move aims to protect investors and prevent money laundering. The decision follows new rules under the Royal Decree on Technology Crimes to crack down on unauthorized digital asset trading platforms.

The SEC filed complaints with the Ministry of Digital Economy and Society against the exchanges for operating without licenses. Users are warned of risks like scams and money laundering when using unlicensed services. Bybit and OKX have not responded to inquiries. The block is set to take effect on June 28.

Thailand is gradually regulating digital assets, planning to allow tourists to spend crypto via credit cards. The Ministry of Finance is issuing $150 million worth of digital investment tokens. Regulators have approved stablecoins like Tether’s USDt and Circle’s USDC for cryptocurrency trades. Thailand is embracing digital assets to modernize its financial system.

Read more at Cointelegraph: Thai SEC blocks 5 crypto exchanges, including OKX and Bybit