The Thai Securities and Exchange Commission (SEC) will block access to cryptocurrency exchanges Bybit, 1000X, CoinEx, OKX, and XT starting June 28, 2025. The regulatory body has accused these platforms of operating as unlicensed digital asset business operators in Thailand. Legal proceedings will be initiated against these exchanges as part of the enforcement action. This move underscores Thailand's stringent regulatory stance on cryptocurrency operations, aiming to ensure compliance with local laws. The SEC's decision reflects ongoing efforts to regulate the digital asset market and protect investors from unlicensed activities.