Thai cryptocurrency merchants will be blocked to access Bybit, Coinex, OKX, 1000X and XT.com, as of June 28, according to a recent announcement of the Bag and Values Commission of Thailand.
The Thai sec has presented charges against these exchanges before the country’s economic suppression division, citing violations of the Digital Assets Business Law, and has requested that the Nation’s Digital Affairs Ministry block access to platforms.
“Investors are urged to quickly ensure their assets on these platforms before the imminent access restrictions,” said the SEC.
The regulator emphasized further the importance of using licensed platforms to guarantee investor protection and prevent inadvertent participation in criminal activities such as money laundering.
“As a company, we are totally committed to participating with governments and law enforcement agencies to avoid illicit activities such as money laundering,” said an OKX spokesman in a statement to Coindesk.
“We believe that the constructive commitment to regulators is essential for the sustainable development of the digital asset industry.”
Thai authorities announced their intention to block access to exchanges without a license in April 2024.
