Thailand will block access to "unauthorized" cryptocurrency platforms

2024-04-22 16:20:04

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ChainCatcher news, according to Coindesk, the Securities and Exchange Commission (SEC) of Thailand has decided to block "unauthorized" crypto platforms, citing earlier decisions from countries such as India and the Philippines.

According to the announcement on Friday, Thai authorities have decided to block "unauthorized" crypto platforms to enhance law enforcement efficiency and address online crime issues. Following a meeting of the Technology Crime Suppression Committee, the SEC was asked to submit information on unauthorized digital asset service providers to the Ministry of Digital Economy and Society to block access to these platforms.

The announcement stated that the SEC has considered the impact on users and will give them time to manage their accounts before the service becomes unavailable. Therefore, the announcement urges users of the platform to quickly withdraw their assets from the platform.

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