The Thailand Securities and Exchange Commission Board has resolved to revoke the ICO portal approval of BiTherb Co., Ltd., citing non-compliance with SEC regulations, with the revocation effective 21 October 2025. The SEC’s investigation found that BiTherb failed throughout its approval period to maintain required qualifications relating to its financial position, management structure and work systems, and did not rectify all deficiencies needed to resume ICO portal services appropriately. The decision references breaches of multiple provisions in the SEC notification governing approval of digital token portal service providers and detailed rules on information technology systems. The SEC noted that BiTherb currently has no clients or outstanding transactions.
Thailand Securities & Exchange Commission 2025-10-21
Thailand Securities and Exchange Commission revokes BiTherb’s ICO portal approval for failing to maintain required qualifications
The Thailand Securities and Exchange Commission has revoked the ICO portal approval of BiTherb Co., Ltd., effective 21 October 2025, due to non-compliance with SEC regulations. BiTherb failed to maintain required qualifications in financial position, management structure, and work systems, breaching multiple provisions. The SEC noted BiTherb has no clients or outstanding transactions.