In a bid to bolster financial security and combat money laundering, Thailand’s Securities Exchange Commission (SEC) has restricted operations for five prominent crypto exchanges. These companies — CoinEx, HT(dot)Com, 1000X, OKX, and Bybit — face restrictions from May 28, 2025, following their failure to acquire the necessary licenses to operate within Thailand’s jurisdiction. 2025 data suggests that Thailand will see its CEX trading volumes surge between $40 and $50 billion. The SEC has also filed charges against these exchanges’ operators with the Economic Crime Suppression Division (ECD), in an effort to ensure regulatory compliance and safeguard investor interests. The Thai SEC is actively advising investors to take proactive steps regarding their assets before the shutdowns go into effect.