• May 21, 2024

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Thailand to Block Unregistered Crypto Trading Platforms

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The Thai Securities and Exchange Commission (SEC) has made a commitment to safeguard investors in the crypto market.

At the same time, the regulatory body has implemented measures to restrict the promotion of digital asset investments.

Last week, Thai authorities announced their intention to block access to crypto exchange websites that are not licensed in the country but continue to operate and serve Thai citizens.

The SEC’s IT Crime Committee has taken action to compile a list of crypto companies operating in Thailand without a license. According to local media, the Ministry of Digital Economy will create a registry of these exchanges.

Companies included in the list will no longer be able to serve users, and authorities will block access to their websites.

The SEC has also considered the actions of other countries such as India and the Philippines, which have implemented similar measures to protect consumers by blocking access to unregistered crypto companies’ websites.