The Far East Country Thailand is Blocking Many Cryptocurrency Exchanges! Here are the Blocked Exchanges

The Thailand Securities and Exchange Commission (SEC) is taking strict measures against unlicensed crypto currency exchanges operating in the country. According to the institution's latest statement, access to platforms such as OKX, Bybit, CoinEx, 1000X, and XT.com will be blocked as of June 28, 2025.

Thailand Blocks Access to OKX, Bybit, and Other Exchanges Due to Lack of License

The Thailand SEC has filed an official complaint with the Economic Crime Suppression Division, stating that the mentioned exchanges have violated the Digital Asset Businesses Act. At the same time, it requested the Ministry of Digital Affairs to implement access restrictions on these platforms.

SEC has called on investors trading on these platforms to secure their assets before the access restriction comes into effect. The Commission also emphasized the importance of using only licensed exchanges to ensure investor protection and to prevent illegal activities such as money laundering.

Statement from OKX: "We are in favor of constructive communication"

After the decision, an OKX spokesperson stated, "We are determined to cooperate with governments and law enforcement in the fight against illegal activities such as money laundering. We believe that constructive communication with regulators is vital for the sustainable development of the digital asset sector."

Thai officials first raised this access restriction step in April 2024, warning investors in the country against unlicensed exchanges.

This development shows that cryptocurrency regulations in Southeast Asia are becoming increasingly stringent and investor safety is taking precedence.

*This is not investment advice.

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