Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-ratings.com
May 30, 2025 at 06:37
SEC Takes Action Against Unlicensed Crypto Exchanges in Thailand
The Thailand Securities and Exchange Commission (SEC) has officially blocked access to five major cryptocurrency exchanges for operating without the necessary licenses.
The exchanges impacted include Bybit, CoinEx, OKX, 1000X, and XT.COM, all accused of providing trading services to Thai users unlawfully.
This legal action, coupled with the SEC's crackdown, aims to curb money laundering and safeguard retail investors from unauthorized platforms.
Thailand's SEC emphasized the need to defend investors against illegal operations, leading to legal proceedings initiated against the exchanges involved.
This decisive move comes after the passing of new anti-cybercrime legislation in April, enabling quicker actions against unlicensed entities.
The regulatory authorities are increasingly focusing their efforts on crypto exchanges that do not comply with Thailand's legal framework.
In a larger context, these developments mark a shift in Thailand's approach to regulating the crypto market, which has seen heightened enforcement measures.
Alongside these actions, the Thai Ministry of Finance recently introduced G-Token, a blockchain-based investment tool aimed at retail investors.
This initiative signals the government's commitment to harnessing blockchain technology in a regulated manner.
Overall, these regulatory changes reflect Thailand's determination to create a safer and more compliant environment for cryptocurrency trading.
Ripple is calling on the SEC to create real-world regulatory sandboxes for cryptocurrency, aiming to enhance oversight and foster innovation in the sector. The proposal, submitted on May 28, 2025, emphasizes t...
an hour ago
The U.S. Department of the Treasury has initiated a significant crackdown on a cryptocurrency scam network linked to both China and the Philippines. The operation, centered around Funnull Technology Inc., has ...
Paris Saint-Germain (PSG) has made headlines by officially investing in Bitcoin (BTC), becoming the first major sports club to do so. This significant move was announced just before the Champions League final ...
7 hours ago
Payment processing giant Stripe is actively considering the integration of stablecoins into its operations, following growing interest from banks globally. Stripe's co-founder, John Collison, revealed in a rec...
In a significant move, REX Shares and Osprey Funds have filed with the SEC to offer exchange-traded funds (ETFs) based on staking Ethereum and Solana. This development follows the SEC's recent announcement tha...
8 hours ago
Brazilian fintech Méliuz has attracted significant attention following its announcement of a new share offering aimed at raising 450 million reais (approximately $78.6 million) to increase its Bitcoin reserves....
8 hours ago
In recent years, the rise of Bitcoin has been closely intertwined with social media platforms like Facebook. As Facebook expanded its user base and reach, discussions around Bitcoin flourished, attracting more...
9 hours ago
In an exciting development for U.S. traders, Coinbase is set to launch 24/7 futures trading for Ripple's XRP and Solana starting on June 13. This initiative by Coinbase Derivatives follows the success of its r...
10 hours ago
Bybit has officially enhanced its operations in Europe by obtaining a MiCAR license from the Austrian Financial Market Authority (FMA). This milestone allows Bybit to function as a fully compliant crypto-asset...
Last week, Bitcoin (BTC) reached an all-time high (ATH) of over $111,000 before experiencing a decline to $105,000 due to profit-taking. This dip was also influenced by comments from US President Donald Trump a...
17 hours ago
Stay informed and up-to-date on the market's latest news with ARIA's Institutional Terminal's News Aggregator.
Find your curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Get Institutional Access