Thai cryptocurrency merchants will be prevented from accessing Bybit, Coinex, OKX, 1000X and XT.com, from June 28, according to a recent announcement of the Great-Highness of Securities and Exchange.
The Thai SEC has deposited accusations against these exchanges with the division of the abolition of the country’s economic crime, invoking violations of the law on digital asset affairs and asked that the country’s digital affairs ministry is blocking access to platforms.
“Investors are invited to quickly secure their assets on these platforms before imminent access restrictions,” said the dry.
The regulator has also stressed the importance of using approved platforms to ensure the protection of investors and prevent inadvertent participation in criminal activities such as money laundering.
“As a business, we are fully committed to committing ourselves with governments and law enforcement agencies to prevent illicit activities such as money laundering,” a spokesperson for OKX said in a press release at Coindesk.
“We believe that constructive engagement with regulators is essential to the sustainable development of the digital asset industry.”
Thai authorities have announced their intention to block access to license without license in April 2024.
