Thailand to block Bybit, OKX and other crypto exchanges on June 28

Thailand’s SEC has ordered Bybit, 1000X, CoinEx, OKX and XT.COM blocked nationwide, citing unlicensed operation and money-laundering concerns.

Update (May 30, 2025, 11:30 am UTC): This article has been updated to add statements by a Bybit representative.

The Thai Securities and Exchange Commission (SEC) will block five cryptocurrency exchanges, including Bybit and OKX, from operating in the country.

According to a May 29 announcement, Bybit, 1000X, CoinEx, OKX and XT.COM will be blocked in the country on June 28. The SEC said the measure aims “to protect investors and crack down on illegal platforms used for money laundering.”

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