Thailand SEC to shut down five crypto exchanges

The Thailand SEC is set to close exchanges Bybit, CoinEx, OKX, 1000X, and XT due to unlicensed operations, effective from June 28, 2025. Legal actions will follow to ensure compliance.

Concerns arise about asset migration and trading volume reductions. Bitcoin (BTC) currently stands at 106,073.52 USD, reflecting the market’s dynamic nature and potential shifts in user behavior towards compliant exchanges.

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