Thailand’s SEC to Block Unauthorized Crypto Platforms
Main page News, Thailand, Cryptocurrency Exchanges

Thailand's authorities have taken a stand against unauthorised crypto platforms in an effort to improve the efficiency of law enforcement in combating online crime.

As per an announcement made on Friday, the country's Technology Crime Prevention and Suppression Committee has directed the Securities and Exchange Commission (SEC) to provide details on unauthorised digital asset service providers to the Ministry of Digital Economy and Society for blocking their access.

The SEC has taken into account the potential impact on users and has given them a grace period to manage their accounts before the platform becomes inaccessible.

The regulator said in the statement:

"The SEC warns people and investors to be cautious about using unauthorized digital asset operators because they do not receive legal protection, and there is also a risk of fraud and money laundering."

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