Thailand SEC don ban Bybit, OKX, plus three other crypto exchanges because dem no get license to dey operate, tell traders make dem withdraw moni by June 2025.
Thailand SEC don order make dem ban five big crypto exchange dem—Bybit, OKX, CoinEx, 1000X, and XT.com—from June 28, 2025. Dem say dem dey operate without license, wey dey against dia 2018 law for Digital Asset Businesses. This move na part of dia plan to protect investors well well, stop wetin dem no regulate for crypto, and fight money laundering. Dem don tell traders wey go suffer make dem comot dia money before the deadline so dem no go lose am. Na only exchange wey get license dem go allow after the ban, and anybody wey no obey go face heavy fine and go court. This crackdown dey follow wetin dey happen for all over the world, wey be say dem wan control crypto well, and e fit reduce how much money dey flow for market and trading options for Thai investors.
Bearish
Di fast ban wey dem put for five big crypto exchanges for Thailand, like Bybit and OKX, go make am hard for local people to trade crypto from June 28, 2025. Na so dis kind law dem dey do wey go reduce money for market and scatter trading for di place wey dem affect, because traders go need to comot dia money and find other licensed places. Di wahala with unlicensed platforms and di big risk of punishment by law fit cause money to comot and bad feelings. Even if some exchanges try to follow di rules and fit come back later, for short- to medium-term, di effect no good for trading volumes and fit push down di price and number of users for dia own tokens or other related crypto. Before before, dis kind action don cause small drop in price and less activity for di markets wey dem target.