Thailand Cracks Down on Unlicensed Crypto Exchanges—OKX, Bybit in Crosshairs

BTCC / BTCC Square / CoindeskEN /

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2025-05-30 06:52:04

Thailand to Block OKX, Bybit and Others, Citing Lack of License

Regulators flip the kill switch on offshore platforms operating without local approval. Another day, another ’surprise’ enforcement action—just as traders were getting comfortable.

No license? No mercy. The SEC’s move exposes the cat-and-mouse game between agile crypto firms and slow-moving bureaucracies. Watch for domino effects across Southeast Asia.

Bonus jab: Nothing says ’financial sovereignty’ like chasing revenue streams across borders while your own CBDC collects dust.

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