The Thailand Securities & Exchange Commission (SEC) has filed criminal complaints against five digital asset trading platforms for allegedly operating without a licence and has reported them to the Ministry of Digital Economy and Society (MDES) for access restrictions. MDES is set to restrict public access to the platforms from 28 June 2025 under the Royal Decree on Measures for the Prevention and Suppression of Technological Crimes (No. 2) B.E. 2568 (2025). Investigations identified Bybit.com, 1000x.live, CoinEx, OKX, and XT.COM as providing digital asset trading platform services without authorisation. The SEC lodged complaints with the Economic Crime Suppression Division of the Royal Thai Police for alleged unlicensed digital asset business operations under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), citing investor protection concerns and potential misuse of unlicensed platforms for money laundering. The SEC urged investors using the named platforms to take steps to secure their assets before the access restriction takes effect and reminded the public that using unlicensed digital asset business operators may leave investors without legal protection and exposed to scam and money-laundering risks.
Thailand Securities & Exchange Commission 2025-05-29
Thailand Securities & Exchange Commission files criminal complaints against five unlicensed digital asset platforms and prompts access restrictions from 28 June 2025
The Thailand SEC has filed criminal complaints against five digital asset trading platforms, including Bybit.com and OKX, for operating without a licence. The Ministry of Digital Economy and Society will restrict access to these platforms from 28 June 2025 under the Royal Decree on Technological Crimes. The SEC warns investors of potential risks, including lack of legal protection and exposure to scams and money laundering.