The post Thai SEC Warns Public on Risks of Using Unlicensed Apps appeared on BitcoinEthereumNews.com.

Thailand to block five unlicensed crypto platforms under new tech crime decree by June 28. SEC urges investors to withdraw assets from affected exchanges before nationwide access is cut. G-Token to launch in July with strict trading rules and $150M issuance for public investment. Thailand’s Securities and Exchange Commission (SEC) has confirmed it will block local access to several unlicensed digital asset trading platforms beginning June 28, 2025. The decision follows ongoing investigations into platforms allegedly operating without regulatory approval. Those affected include Bybit, 1000X, CoinEx, OKX, and XT.COM. The move comes under the revised Royal Decree on Technology Crime Prevention and Control (Version 2), issued in 2025, and signals further tightening of digital asset oversight in the country. According to the SEC, the targeted platforms are suspected of violating the Royal Decree on Digital Asset Business B.E. 2561 (2018). However, the cases have been transferred to the Economic Crime Suppression Bureau for further legal action.  Related: From Tax Breaks to B2GC: How Thailand is Becoming a Crypto Hub This action is intended to address the use of unlicensed platforms for alleged money laundering activities and shield investors from exposure to unregulated operators. The SEC said it submitted the platforms’ names to the Ministry of Digital Affairs, aligning with the enforcement mechanisms outlined in the updated decree on technology-related crimes. Following this, the regulator has urged local investors who currently hold assets on the affected platforms to consider securing those assets before the June 28 cutoff date. The SEC also warned the public that trading with unlicensed platforms carries high risks, including exposure to scams and lack of legal protection. G-Token Restrictions Reflect Broader Regulatory Strategy The move to block unauthorized exchanges coincides with Thailand’s policy approach to digital asset regulation. As part of this strategy, the SEC has also…

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Filed under: News - @ May 31, 2025 12:25 am