Thailand's SEC plans to block unlicensed crypto exchanges to combat financial crimes and protect users.
Thailand's Securities and Exchange Commission has announced plans to block unlicensed cryptocurrency exchanges in a move aimed at tackling financial crimes and protecting users from potential scams. Unregistered exchanges will be forwarded to the Ministry of Digital Economy and Society, and users are advised to withdraw their funds promptly. This clampdown on unlicensed crypto platforms reflects Thailand's commitment to safeguarding investor interests and strengthening its position as a global crypto hub.
April 22, 2024
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