In a move that can only be described as a cosmic joke played by the universe, the exchanges affected by the ban include the illustrious Bybit, the ever-ambitious 1000X, the not-so-cryptic CoinEx, the enigmatic OKX, and the mysteriously named XT.com. According to the Thai SEC, these platforms were found offering crypto trading services without the proper authorization, which is a bit like trying to sell ice to penguins without a license. Who knew regulations could be so… regulatory?
“This measure aims to protect investors and prevent the use of unlicensed digital asset platforms as potential channels for money laundering,” the Thai SEC said in a statement, which was translated from Thai, presumably by a very confused robot. 🤖
Enforcement will begin on June 28, 2025, when Thailand’s Ministry of Digital Economy and Society will officially block local access to the five platforms’ websites. Yes, mark your calendars, folks! It’s the day when the internet will suddenly become a little less exciting and a lot more… well, regulated.
This move reflects Thailand’s tightening stance on unregulated cryptocurrency activity, as it seeks to ensure investor protection and financial transparency within its rapidly growing digital asset ecosystem. Because nothing says “trust us” quite like a government crackdown on your favorite digital playground! 🎢
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2025-05-30 11:18