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Thailand Cracks Down on Five Unlicensed Crypto Exchanges—Bybit, OKX in Regulatory Crosshairs
Thailand Cracks Down on Five Unlicensed Crypto Exchanges—Bybit, OKX in Regulatory Crosshairs
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Bangkok turns up the heat on offshore platforms skirting local registration—because nothing says ’financial sovereignty’ like chasing crypto traders while traditional banks get slap-on-the-wrist fines.
Thai SEC flexes muscle against ’gray market’ operators, targeting major players in latest compliance sweep. No mercy for those bypassing KYC—just don’t ask about the 3-year backlog for licensing approvals.
Watchdog warns investors: ’Stick to licensed exchanges’ (all 7 of them). Meanwhile, decentralized protocols laugh from their anarchic little islands.
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