🚫 Thailand to Block Bybit, OKX, and Others — The Crypto Crackdown Is Here

Starting June 28, 2025, five major crypto exchanges — including Bybit and OKX — will be blocked nationwide in Thailand. The reason? No license. No mercy.

Thailand isn’t banning crypto. It’s clearing the field. Welcome to the “strict but pro-crypto” era.

🧯 What’s Actually Happening?

Thailand’s SEC and the Ministry of Digital Economy (MDES) are dropping the hammer:

• ❌ Blocking access to: Bybit, OKX, CoinEx, XT.com, and 1000X
• 🧾 None of them are licensed under Thai law
• 🔒 Websites will be blocked. Assets could get trapped.

Deadline to exit? June 28. After that — you're on your own.

📜 Why Now?

This is part of Thailand’s 2025 crypto clean-up:

• 🧨 New powers granted under the Cyber Crime Prevention Act
• 🕵️ Crackdown on money laundering + unregulated platforms
• 👮‍♂️ Exchanges referred to Thai Economic Crime Suppression Division

Regulators aren’t just flexing. They’re reshaping the market.

⚠️ What It Means for Investors

The SEC's advice is blunt:

• 🚨 Withdraw now from the banned platforms
• ❌ Using unlicensed exchanges? You’re not protected
• 📲 Check legitimacy via SEC Check First app or the official SEC website

Thailand is forcing users to choose: compliance or chaos.

🗣️ What Do the Exchanges Say?

OKX is playing nice — promising to work with Thai regulators:

“Constructive engagement is key to long-term industry development.”

But so far, none of the banned platforms have applied for Thai licenses or announced formal exits. Users are stuck in limbo — for now.

🌐 Bigger Trend: Grey Markets Are Out

This is bigger than just five exchanges. Thailand is also:

• 🔍 Targeting unlicensed foreign P2P platforms
• 🧼 Cracking down on “mule accounts” used in scams
• ⚖️ Imposing fines up to THB 300,000 (8K) + 3 years jail for violations

They're not anti-crypto. They’re anti-loophole.

💼 Thailand’s Crypto Vision: Regulated Innovation

This isn’t a rug pull — it’s a reboot.

• ✅ Tether (USDT) got local approval in March
• 💸 Thailand launching G-Tokens — government-backed digital bonds
• 🏛️ Up to 150M in G-Tokens will be issued for long-term savings

Thailand wants Web3 + regulation — not chaos. Play by the rules, or get blocked.

📲 What Should You Do Right Now?

• Check if your exchange is licensed in Thailand
• Withdraw assets from Bybit, OKX, etc. before June 28
• Avoid using shady P2P services or mule accounts
• Stay updated on G-Token and other state-backed crypto products

The future is still crypto — but it’s got rules now.

🧠 TL;DR: Thailand Is Closing the Gate on Unlicensed Crypto

🚫 Thailand to block Bybit, OKX, CoinEx, XT.com, 1000X 🗓️ Users must withdraw funds by June 28, 2025 📵 Access will be cut at the ISP level ⚠️ New laws target unlicensed exchanges + mule accounts ✅ G-Tokens and USDT show pro-crypto, pro-compliance policy 🧾 Only licensed platforms will survive the next cycle

Thailand isn’t banning crypto. It’s rebuilding the rules of the game — and it’s playing for keeps.