The Thai government will ban any cryptocurrency exchange that does not have the license.
The Thai SEC has asked crypto holders to move their money out of unlicensed exchanges.
In an effort to curb online crimes like money laundering, the Thai government will ban any cryptocurrency exchange that does not have the proper permission to operate within the nation. The Thai SEC will notify the Ministry of Digital Economy and Society of all unauthorized cryptocurrency exchanges in Thailand.
Following the April 19 meeting of the Technology Crime Prevention and Suppression Committee, the directive was announced by Thai SEC Secretary-General Pornanong Budsaratragoon. Both India and the Philippines have lately outlawed any offshore exchanges that do not adhere to their national laws, which prompted Thailand to follow suit and blacklist unlicensed enterprises.
Several Exchanges Under Scrutiny
To lessen the blow to the general populace, the Thai SEC has asked cryptocurrency holders to
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