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Thailand Cracks Down on Major Crypto Exchanges: Bybit, OKX, and Others Banned Amid Money Laundering Concerns

Thailand's Securities and Exchange Commission (Thai SEC) has announced decisive action against several major cryptocurrency exchanges. Starting June 28, platforms including Bybit, OKX, CoinEx, 1000X, and XT.com will be blocked due to legal non-compliance and potential money laundering risks. The SEC has urged Thai-based users to swiftly withdraw their assets.

  • Bybit, OKX, CoinEx, 1000X, and XT.com to be banned in Thailand beginning June 28
  • Thai SEC cites legal violations and anti-money laundering concerns
  • Investors in Thailand should withdraw assets from these platforms immediately
  • The move reflects tightening regulatory control over foreign crypto exchanges

This is not a favorable investment opportunity due to regulatory crackdowns, heightened compliance risks, and potential access restrictions. Show Less

https://x.com/Cointelegraph/status/1928390097331966136
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