Thailand Cracks Down on Five Unlicensed Crypto Exchanges

Thailand has launched a new crackdown on unlicensed cryptocurrency exchanges, targeting five major platforms, including Bybit and OKX. This campaign aims to regulate Thailand’s cryptocurrency market and protect investors from potential scams. This move is part of the government’s increased efforts to impose stricter controls on this rapidly growing sector. Thai authorities have warned users about the risks of dealing with unlicensed platforms, emphasizing the importance of choosing licensed and trustworthy platforms. The government has pledged to continue its efforts to eliminate illegal activities in the cryptocurrency market through enhanced international cooperation and close market surveillance. This campaign is part of a broader strategy to ensure the sustainability and transparency of the cryptocurrency market in Thailand. The government is also working on developing a comprehensive regulatory framework that sets the necessary standards for cryptocurrency exchanges and protects investor rights.