In line with global regulatory trends, Thailand is tightening its oversight of the cryptocurrency sector by primarily targeting unauthorized crypto platforms.
Regulatory Action
Thailand’s Securities and Exchange Commission (SEC) is taking decisive action against unregistered digital asset service providers. In coordination with the Ministry of Digital Economy and Society, the SEC will block access to these unauthorized platforms. The decision, announced after a meeting of the Technology Crime Prevention and Suppression Committee on April 19, signals the government’s commitment to combat online financial crime.
Notably, popular offshore exchanges like Binance, Coinbase, KuCoin, Kraken, and OKX operate without legal approval in Thailand. Despite their popularity, these platforms will close once the ban is enforced.
Public Advisory
To mitigate the impact on investors, the Thai SEC has issued a warning urging individuals to withdraw their funds from unregistered platforms be
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