Thailand will prevent access to OKX, Bybit, 1000x and XT.com from June 28, citing a lack of license
Thai entrepreneurs will be locked from accessing bybit, Coinex, OKX, 1000x, and XT.com, from June 28, According to a recent announcement From the Thailand’s Securities and Exchange Commission.
The Thai SEC has filed charges against these exchanges in the division of suppressing crime in the country’s economy, citing violations of the Digital Asset Business Act, and has requested the Nation’s Ministry of Digital Affairs Block of platforms.
“Investors are encouraged to immediately secure their property on these platforms before the upcoming access restrictions,” advised the SEC.
The regulator further emphasized the importance of using licensed platforms to ensure investor protection and prevent accidental participation in criminal activities such as money losses.
“As a firm, we are fully committed to engage in governments and law enforcement agencies to avoid prohibited activities such as money laundering,” a OKX spokesman said in a statement to CoinDesk.
“We believe that developing relationships with regulators are essential to the sustainable development of the digital asset industry.”
Thai authorities announced their intent that I -Block access to non -licensed exchanges in April 2024.
