Thailand’s SEC Closes Five Crypto Exchanges: What Happens Now?

The Thai Securities Exchange Commission (SEC) has taken action against five cryptocurrency exchanges, citing unlicensed operations. These closures affect Bybit, CoinEx, OKX, 1000X, and XT.COM, as of June 28, 2025. The SEC’s crackdown aims to protect investors by preventing illegal activities. The move follows the SEC’s identification of these exchanges as operating without proper licenses, prompting legal action for non-compliance. ]