Close Menu
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
What's Hot

South Korea Stablecoin Agenda Aims To Keep Money At Home

July 5, 2025

Metaplanet Bitcoin Strategy Pushes Holdings To 13,350 BTC

July 5, 2025

KraneShares ETF Targets Crypto Boom, Coinbase 50 Index Filed

July 2, 2025
Facebook X (Twitter) Instagram
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
X (Twitter) Telegram
Crypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
Crypto Junction
Home » Thailand SEC Blocks Bybit OKX in Landmark Crypto Enforcement
Regulation

Thailand SEC Blocks Bybit OKX in Landmark Crypto Enforcement

Alice MonroeBy Alice MonroeJune 15, 20253 Mins Read
Twitter Telegram Copy Link Pinterest LinkedIn Facebook Reddit
This is the most aggressive regulatory action we have seen in Thailand to date. The SEC reported that these platforms did not have licenses.
Share
Twitter Telegram Facebook Pinterest Copy Link

In first decision, the Thailand SEC has issued a ban which includes Bybit, OKX, and CoinEx. This ban is also applied to 1000X and XT. The announcement came out on May 30, 2025, with an implementation date of June 28. It is reported that the exchanges were offering their crypto services to local users without the required registration. This action broke national digital asset regulations. As a result, the Thailand SEC blocks access to Bybit, OKX, and others.

This is the most aggressive regulatory action we have seen in Thailand to date. The SEC reported that these platforms did not have licenses. They also did not put in place basic compliance measures like know your customer (KYC) and anti-money laundering (AML) protocols. Also of note is that OKX has been operating without authority since 2021. In addition, they marketed to Thai users and collected fees despite repeated warnings.

The Ministry of Digital Economy and Society will put into effect technical blocks. This action will cut off Thai users’ access to these platforms. In blocking Bybit, OKX, and others, we have given customers a month’s notice to withdraw their funds before full service termination.

Thailand has put into place the Emergency Decree on Digital Asset Businesses B.E. 2561. The amended Technology Crime Prevention Act also forms the basis of its legal action. We see jail time and large fines as penalties for breaking these laws. The aim is to protect investors’ interests. At the same time, it seeks to address financial crime and money laundering gaps.

Thailand Sec Bans Bybit, OKX While Also Pushing Forward State Supported Crypto Projects.

Interestingly, while the SEC is blocking Bybit, OKX, and others, Thailand is not completely against digital assets. Reports also say the government is pushing forward with a $150 million government-backed crypto token program. This move shows the government’s intent to regulate rather than reject crypto innovation.

This shows Thailand’s dual-track strategy: Punish the former while fostering growth of the latter. Additionally, the government has issued crypto-loaded debit cards for tourists. This allows use of crypto for payment, which merchants accept in baht.

Compliance with Thai rules is a must, which is true for all companies’ sizes and global reach. Also, we see this as a chance for local players to take up the trade lost to foreign companies.

With the SEC of Thailand blocking Bybit and OKX, it is clear that the country is on a mission. They aim to become a regulated crypto leader in Southeast Asia. They are putting forward enforcement strategies which support the growth of the crypto space. At the same time, these strategies are very strict against illegal operations.

Bybit Crypto Regulation OKX Thailand Crypto Ban
Share. Telegram Twitter LinkedIn Pinterest Facebook Reddit Copy Link
Alice Monroe
Alice Monroe

Alice Monroe is an Associate Writer at Crypto Junction, covering crypto trends, token marketing, and emerging blockchain projects with a focus on real market insights.

Related Posts

Ripple CEO Ends Years-Long SEC Legal Battle

July 2, 2025

Bitvavo MiCA License Lets Dutch Crypto Giant Go EU-Wide

July 2, 2025

Kenya’s VASP Bill: Is Binance Secretly Taking Over Crypto Rules?

July 2, 2025

Dinari US License Secures Tokenized Stock Milestone

July 1, 2025
Trending Posts

Reddit Eyeball-Scanning Technology Sparks User Debate

June 27, 2025

Bitcoin Price Surges Past $5,000 to Record High Amid Market Volatility

October 12, 2017

SharpLink Gaming Ethereum Treasury Grows Bigger

July 2, 2025

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Crypto Junction, founded in 2014, is one of the original and most trusted sources for cryptocurrency news and blockchain insights. We provide accurate, unbiased, and timely coverage of digital assets, market trends, and industry developments.

All content on Crypto Junction is for informational and educational purposes only and should not be considered financial, investment, or legal advice. Cryptocurrency investments are highly volatile and carry risks. Always conduct your own research before making financial decisions.

We're social. Connect with us:

X (Twitter) Telegram
Top Insights

South Korea Stablecoin Agenda Aims To Keep Money At Home

July 5, 2025

Metaplanet Bitcoin Strategy Pushes Holdings To 13,350 BTC

July 5, 2025

KraneShares ETF Targets Crypto Boom, Coinbase 50 Index Filed

July 2, 2025
ABOUT
  • About Us
  • Cookie Policy
  • Editorial Policy
  • Investment Disclaimer
  • Press and Media Kit
  • Terms of Service
  • Affiliate Disclosure
  • Contact Us
NEWSLETTER

Subscribe to Updates

Get the latest crypto news and updates direct to your inbox - we don't spam

X (Twitter) Telegram
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
© 2025 Crypto Junction

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 109,129.24
ethereum
Ethereum (ETH) $ 2,565.51
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.27
bnb
BNB (BNB) $ 661.63
solana
Solana (SOL) $ 151.33
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.28815
dogecoin
Dogecoin (DOGE) $ 0.171688
staked-ether
Lido Staked Ether (STETH) $ 2,565.97
cardano
Cardano (ADA) $ 0.585829
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 108,947.19
hyperliquid
Hyperliquid (HYPE) $ 39.74
wrapped-steth
Wrapped stETH (WSTETH) $ 3,087.36
sui
Sui (SUI) $ 2.92
bitcoin-cash
Bitcoin Cash (BCH) $ 499.17
chainlink
Chainlink (LINK) $ 13.48
leo-token
LEO Token (LEO) $ 9.03
stellar
Stellar (XLM) $ 0.252873
avalanche-2
Avalanche (AVAX) $ 18.35
usds
USDS (USDS) $ 1.00
the-open-network
Toncoin (TON) $ 2.85
shiba-inu
Shiba Inu (SHIB) $ 0.000012
wrapped-eeth
Wrapped eETH (WEETH) $ 2,747.57
weth
WETH (WETH) $ 2,564.61
hedera-hashgraph
Hedera (HBAR) $ 0.15893
litecoin
Litecoin (LTC) $ 87.44
whitebit
WhiteBIT Coin (WBT) $ 45.02
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
monero
Monero (XMR) $ 323.60
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 109,031.21
ethena-usde
Ethena USDe (USDE) $ 1.00
bitget-token
Bitget Token (BGB) $ 4.45
polkadot
Polkadot (DOT) $ 3.40
uniswap
Uniswap (UNI) $ 7.42
aave
Aave (AAVE) $ 286.18
pepe
Pepe (PEPE) $ 0.00001
dai
Dai (DAI) $ 1.00
pi-network
Pi Network (PI) $ 0.465656
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
bittensor
Bittensor (TAO) $ 327.43
okb
OKB (OKB) $ 48.44
aptos
Aptos (APT) $ 4.46
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 183.82
near
NEAR Protocol (NEAR) $ 2.18
internet-computer
Internet Computer (ICP) $ 4.85
ethereum-classic
Ethereum Classic (ETC) $ 16.66
crypto-com-chain
Cronos (CRO) $ 0.081263
ondo-finance
Ondo (ONDO) $ 0.794781
susds
sUSDS (SUSDS) $ 1.06
usd1-wlfi
USD1 (USD1) $ 1.00
kaspa
Kaspa (KAS) $ 0.077597
mantle
Mantle (MNT) $ 0.572012
fasttoken
Fasttoken (FTN) $ 4.43
cosmos
Cosmos Hub (ATOM) $ 4.09
gatechain-token
Gate (GT) $ 15.23
vechain
VeChain (VET) $ 0.020879
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.682615
bonk
Bonk (BONK) $ 0.000022
official-trump
Official Trump (TRUMP) $ 8.63
sky
Sky (SKY) $ 0.079012
render-token
Render (RENDER) $ 3.24
ethena
Ethena (ENA) $ 0.262871
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 109,229.27
arbitrum
Arbitrum (ARB) $ 0.334005
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.184007
filecoin
Filecoin (FIL) $ 2.30
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,564.01
algorand
Algorand (ALGO) $ 0.17767
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.50
worldcoin-wld
Worldcoin (WLD) $ 0.894425
sei-network
Sei (SEI) $ 0.264745
first-digital-usd
First Digital USD (FDUSD) $ 0.998734
usdtb
USDtb (USDTB) $ 1.00
tokenize-xchange
Tokenize Xchange (TKX) $ 17.58
kucoin-shares
KuCoin (KCS) $ 11.08
binance-staked-sol
Binance Staked SOL (BNSOL) $ 160.40
usdt0
USDT0 (USDT0) $ 1.00
jupiter-exchange-solana
Jupiter (JUP) $ 0.443962
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,691.52
nexo
NEXO (NEXO) $ 1.22
spx6900
SPX6900 (SPX) $ 1.32
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,922.44
fartcoin
Fartcoin (FARTCOIN) $ 1.18
flare-networks
Flare (FLR) $ 0.016612
celestia
Celestia (TIA) $ 1.62
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
injective-protocol
Injective (INJ) $ 10.59
xdce-crowd-sale
XDC Network (XDC) $ 0.06314
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.56
sonic-3
Sonic (S) $ 0.314607
blockstack
Stacks (STX) $ 0.660128
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.015658
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,742.29
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 2,697.72
optimism
Optimism (OP) $ 0.546643
syrupusdc
SyrupUSDC (SYRUPUSDC) $ 1.11
pax-gold
PAX Gold (PAXG) $ 3,326.33