Thailand to restrict access to five cryptocurrency exchanges

The Securities and Exchange Commission of Thailand has warned that it will restrict access to a number of digital asset trading platforms, including Bybit, OKX, CoinEx, XT.com and 1000X, from June 28.

The reason for this decision was the lack of necessary licenses for these platforms to operate in the country. The websites will be blocked by the Ministry of Digital Economy and Society of Thailand (MDES), which received the relevant powers under the new law on the prevention of technological crimes, which came into force on April 13, 2025. The regulator emphasized that the measures are preventive in nature and are aimed at protecting investors from fraud, as well as strengthening control over the circulation of digital assets in order to prevent money laundering.

Authorities have urged users of the said exchanges to withdraw their funds before the set date and to check whether any crypto platforms have an official license on the SEC of Thailand website before using them.

It was previously reported that the Thai government is studying international experience with cryptocurrencies in the field of payments for services and goods and is considering the possibility of legalizing such payments for tourists.