Summary
- The Thailand SEC announced that it will block access to certain virtual asset exchanges including Bybit, OKX, and CoinEx.
- It was revealed that these exchanges were reported for providing unauthorized digital asset trading services.
- The Thailand SEC stated that it will continue legal procedures in accordance with relevant laws, including legal action.
The Thai government will block access to certain virtual asset exchanges such as Bybit.
On the 29th (local time), the Securities and Exchange Commission (SEC) of Thailand announced, “We have confirmed that Bybit, OKX, and CoinEx are providing digital asset trading services without authorization,” and further stated, “Access to these platforms will be blocked by the 28th of next month.”
Legal action was also announced. The Thailand SEC explained, “The platforms have already been reported to the Economic Crime Suppression Division for violating the ‘Emergency Decree on Digital Asset Business’ enacted in 2018,” and added, “We will continue legal proceedings according to the relevant laws regarding this matter.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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