Thailand to block unlicensed crypto exchanges #Crypto #CryptoNews #CryptoExchange #Thailand

Thailand to block unlicensed crypto exchanges #Crypto #CryptoNews #CryptoExchange #Thailand

Thailand has announced plans to start
blocking some unlicensed crypto
exchanges here in the country that could
put a damper on things for crypto
exchangers so Thailand is set to block
unlicensed cryptocurrency exchanges as a
measure to curb money laundering and
other online crimes this decision
inspired by similar actions in India and
the Philippines was announced by the
Thai Securities and Exchange Commission
or SEC uh Secretary General Kun punong
the Thai SEC will soon provide a list of
these unlicensed entities to the
ministry of of digital e economy and
Society crypto investors are urged to
withdraw funds from non-compliant
platforms and to verify the licenses of
exchanges using the SEC check first
application the regulatory move
highlights a global trend of increasing
oversight on crypto transactions to
ensure compliance with local laws and to
protect investors from potential scams