{"id":29451,"date":"2025-05-30T12:47:01","date_gmt":"2025-05-30T12:47:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29451"},"modified":"2025-05-30T12:47:01","modified_gmt":"2025-05-30T12:47:01","slug":"this-week-in-crypto-asia-thailand-will-block-access-to-bybit-okx-coinex","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29451","title":{"rendered":"This Week in Crypto Asia: Thailand Will Block Access To Bybit, OKX, CoinEx"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Thailand\u2019s Securities and Exchange Commission (SEC) is set to block access to Bybit, OKX, CoinEx, 1000X, and <\/span><a href=\"http:\/\/xt.com\/\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400\">XT.COM<\/span><\/a><span style=\"font-weight: 400\"> starting 28 June 2025. According to a 30 May 2025 <a href=\"https:\/\/www.sec.or.th\/TH\/Pages\/News_Detail.aspx?SECID=11796&amp;fbclid=IwY2xjawKl2oBleHRuA2FlbQIxMABicmlkETFJQk9GQmJqcEUzSkN1QjV0AR6tYOGB43uNjunOaMkZhsjLN5YNfm1WMOc6FTmqXseZnYYr_8IPpi0Et95uxA_aem_IQxL0EFZH8AG62rwlXOwqA\" target=\"_blank\" rel=\"nofollow\">Thai SEC press release,<\/a> the decision to block five major exchanges is based on allegations that they have been providing services in Thailand without the necessary license.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, the Thai SEC is taking legal action against the said unlicensed exchanges. Stricter penalties are also in place for individuals involved in cybercrime via digital asset accounts.\u00a0<\/span><\/p>\n<p style=\"font-weight: 400\">The SEC said it is taking this step to protect investors and prevent fraudsters from using unauthorized digital asset trading platforms to launder money. \u201cSEC has submitted the above platform information to the Ministry of Digital Affairs,\u201d the press release said. \u201cThe Ministry of Digital Affairs will block access to the platforms, preventing the public from accessing them from 28 June 2025.\u201d<\/p>\n<p style=\"font-weight: 400\">The SEC warned investors against using the said platforms and to \u201cconsider taking action regarding their assets on the platform before the platform\u2019s closure date.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Thailand SEC announced that it will block cryptocurrency exchanges Bybit, 1000X, CoinEx, OKX and XT platforms on June 28, 2025, and initiate legal proceedings against them for being unlicensed digital asset business operators. <a href=\"https:\/\/t.co\/VeOM7onr3M\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/VeOM7onr3M<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1928248510815613237?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 30, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p id=\"discover-the-12-hottest-crypto-presales-to-buy-right-now\"><span data-preserver-spaces=\"true\"><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">The 12+ Hottest Crypto Presales to Buy Right Now<\/a><\/strong><\/span><\/p>\n<h2>Royal Decree on the Prevention and Suppression of Technological Crime<\/h2>\n<p>Thailand recently enacted the Royal Decree on the Prevention and Suppression of Technological Crime, which took effect on April 13.<\/p>\n<p>This decree grants the Thai authorities expanded powers to block websites and applications that offer services to Thai users, particularly targeting foreign crypto exchanges whose licenses are questionable.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<h2 class=\"nnbtc-header__title\">Thailand Update: Former PM Advocates For Crypto Legalization, Suggests Using Bitcoin For Debt Settlement<\/h2>\n<p>In contradiction to Thai government cracking down on crypto, Thailand\u2019s former Prime Minister, Thaksin Shinawatra, has expressed optimism about the potential of cryptocurrencies to revolutionize the financial landscape in Thailand.<\/p>\n<p>Recently, Shinawatra made a push for Thailand\u2019s financial institutions to be more open to cryptocurrency, citing US President Donald Trump\u2019s pro-crypto stance.<\/p>\n<p>According to\u00a0<a href=\"https:\/\/www.nationthailand.com\/business\/economy\/40045156\" target=\"_blank\" rel=\"nofollow noopener nofollow\">local media reports,<\/a>\u00a0Thaksin suggested that Thailand should adopt global crypto trends, such as using Bitcoin for debt settlement and introducing Real World Asset (RWA) tokenisation \u2013 trading blockchain-based digital tokens representing tangible physical assets.<\/p>\n<p>He also unveiled plans for a cryptocurrency sandbox project in Phuket, where Bitcoin transactions would be state-managed to minimise risks.<\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/thailands-former-pm-advocates-for-crypto-legalization-suggests-using-bitcoin-for-debt-settlement\/\">Thailand\u2019s Former PM Advocates For Crypto Legalization, Suggests Using Bitcoin For Debt Settlement<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        \u00a0 Thailand\u2019s financial authorities are intensifying their crackdown on unlicensed cryptocurrency exchanges, with the Securities and Exchange Commission (SEC) set to block access to Bybit, OKX, CoinEx, 1000X, and <\/li>\n<p><\/span><a href=\"http:\/\/xt.com\/\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400\">XT.COM<\/span><\/a><span style=\"font-weight: 400\"> starting June 28.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Thai government enacted the Royal Decree on the Prevention and Suppression of Technological Crime, which took effect on April 13. This decree grants authorities expanded powers to block websites and apps that offer services to Thai users, particularly targeting foreign crypto exchanges that operate without a license.<\/li>\n<p><\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/this-week-in-crypto-asia-thailand-will-block-access-to-bybit-okx-coinex\/\">This Week in Crypto Asia: Thailand Will Block Access To Bybit, OKX, CoinEx<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thailand\u2019s Securities and Exchange Commission (SEC) is set to block access to Bybit, OKX, CoinEx, 1000X, and XT.COM starting 28 June 2025. According to a 30 May 2025 Thai SEC press release, the decision to block five major exchanges is based on allegations that they have been providing services in Thailand without the necessary license. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29451","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29451"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29451\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}