{"id":43461,"date":"2025-05-30T14:00:37","date_gmt":"2025-05-30T11:00:37","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=43461"},"modified":"2025-05-30T13:31:28","modified_gmt":"2025-05-30T10:31:28","slug":"thailand-to-block-bybit-okx-and-three-other-crypto-exchanges-on-june-28","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/thailand-to-block-bybit-okx-and-three-other-crypto-exchanges-on-june-28\/","title":{"rendered":"Thailand to Block Bybit, OKX and Three Other Crypto Exchanges on June 28"},"content":{"rendered":"<p data-start=\"287\" data-end=\"452\">The <a href=\"https:\/\/coinengineer.net\/blog\/binance-futures-and-alpha-are-listing-bdxn\/\"><strong data-start=\"291\" data-end=\"340\">Thai Securities and Exchange Commission (SEC)<\/strong> <\/a>has decided to block five cryptocurrency exchanges, including Bybit and OKX, from operating within the country.<\/p>\n<p data-start=\"454\" data-end=\"741\">According to a statement made on May 29,<strong><a href=\"https:\/\/coinengineer.net\/blog\/bybit-scales-back-web3-services-following-nft-marketplace-shutdown\/\"> Bybit<\/a>, 1000X, CoinEx, <a href=\"https:\/\/coinengineer.net\/blog\/okx-claps-back-at-justin-sun-over-alleged-freeze-request\/\">OKX<\/a>, and XT.COM<\/strong> will be inaccessible nationwide as of June 28. The SEC stated that the move aims to protect investors and take action against platforms allegedly involved in <strong data-start=\"691\" data-end=\"711\">money laundering<\/strong> and other illegal activities.<\/p>\n<p data-start=\"743\" data-end=\"867\">In its announcement, the SEC urged users with assets on these platforms to take necessary steps before the June 28 deadline.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/thailand-to-block-bybit-okx-and-three-other-crypto-exchanges-on-june-28\/#New_Law_Grants_Authority_to_Digital_Ministry\" title=\"New Law Grants Authority to Digital Ministry\">New Law Grants Authority to Digital Ministry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/thailand-to-block-bybit-okx-and-three-other-crypto-exchanges-on-june-28\/#Complaint_Filed_Over_Unlicensed_Operations\" title=\"Complaint Filed Over Unlicensed Operations\">Complaint Filed Over Unlicensed Operations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/thailand-to-block-bybit-okx-and-three-other-crypto-exchanges-on-june-28\/#Balanced_Regulatory_Stance_on_Crypto_Continues\" title=\"Balanced Regulatory Stance on Crypto Continues\">Balanced Regulatory Stance on Crypto Continues<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"869\" data-end=\"916\"><span class=\"ez-toc-section\" id=\"New_Law_Grants_Authority_to_Digital_Ministry\"><\/span>New Law Grants Authority to Digital Ministry<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"918\" data-end=\"1217\">This decision follows the <strong data-start=\"944\" data-end=\"1015\">Royal Decree on the Prevention and Suppression of Technology Crimes<\/strong>, which came into effect on April 13 in Thailand. Under the updated framework, the Ministry of Digital Economy and Society (MDES) now holds the power to block unlicensed digital asset trading platforms.<\/p>\n<p data-start=\"1219\" data-end=\"1466\">Earlier in April, Thailand\u2019s Cabinet approved amendments to emergency laws related to digital asset businesses and cybercrime. These changes aim to prevent foreign-based <strong data-start=\"1389\" data-end=\"1421\">P2P crypto service providers<\/strong> from operating illegally within the country.<\/p>\n<h2 data-start=\"1468\" data-end=\"1513\"><span class=\"ez-toc-section\" id=\"Complaint_Filed_Over_Unlicensed_Operations\"><\/span>Complaint Filed Over Unlicensed Operations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1515\" data-end=\"1862\">Following its investigation, the Thai SEC concluded that the five platforms in question were operating without valid local licenses. This violates the Royal Decree on Digital Asset Businesses, prompting the SEC to file an official complaint with the MDES. The complaint is expected to result in these services being blocked throughout the country.<\/p>\n<p data-start=\"1864\" data-end=\"2077\">The regulator also issued a public warning about the risks of using unlicensed crypto services, emphasizing that such users are not protected under Thai law and may be exposed to scams and <strong data-start=\"2053\" data-end=\"2076\">fraud-related risks<\/strong>.<\/p>\n<h2 data-start=\"2079\" data-end=\"2128\"><span class=\"ez-toc-section\" id=\"Balanced_Regulatory_Stance_on_Crypto_Continues\"><\/span>Balanced Regulatory Stance on Crypto Continues<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2130\" data-end=\"2349\">Thailand continues to take a <strong data-start=\"2159\" data-end=\"2180\">measured approach<\/strong> to crypto regulation. In May, it was reported that the government is working on a solution allowing tourists to make crypto payments through credit card-linked systems.<\/p>\n<p data-start=\"2351\" data-end=\"2645\" data-is-last-node=\"\" data-is-only-node=\"\">Additionally, the Ministry of Finance plans to issue $150 million worth of digital investment tokens, enabling retail investors to purchase government bonds. In March, regulators approved the use of stablecoins like USDt from Tether and USDC from Circle on licensed crypto exchanges nationwide.<\/p>\n<hr \/>\n<p data-start=\"2351\" data-end=\"2645\" data-is-last-node=\"\" data-is-only-node=\"\"><i>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<\/i><strong><a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><i>Telegram,\u00a0<\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><i>YouTube<\/i><\/a><\/strong><i><strong>,<\/strong>\u00a0and\u00a0<\/i><strong><a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><i>Twitter<\/i><\/a><\/strong><i><strong>\u00a0<\/strong>channels for the latest\u00a0<\/i><strong><a href=\"https:\/\/coinengineer.net\/blog\/news\/\"><i>news<\/i><\/a><\/strong><i><strong>\u00a0<\/strong>and updates.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Thai Securities and Exchange Commission (SEC) has decided to block five cryptocurrency exchanges, including Bybit and OKX, from operating within the country. According to a statement made on May 29, Bybit, 1000X, CoinEx, OKX, and XT.COM will be inaccessible nationwide as of June 28. The SEC stated that the move aims to protect investors<\/p>\n","protected":false},"author":29,"featured_media":42406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[654,411,816,2901,16847],"class_list":["post-43461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","category-news","tag-bybit","tag-exchanges","tag-okx","tag-thailand","tag-thailand-blocks-exchanges"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Thailand to Block Bybit, OKX and Three Other Crypto Exchanges on June 28 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/thailand-to-block-bybit-okx-and-three-other-crypto-exchanges-on-june-28\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thailand to Block Bybit, OKX and Three Other Crypto Exchanges on June 28 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The Thai Securities and Exchange Commission (SEC) has decided to block five cryptocurrency exchanges, including Bybit and OKX, from operating within the country. 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