Thai SEC (Securities and Exchange Commission) urges public to circumvent unauthorised crypto exchange as stringent regulation set to take effect.
SEC has cautioned the public against 14 websites whose operators persuading clients to transact cryptocurrencies and related products.
Such operators are not authorized to conduct crypto business in the country, the regulatory authorities say. As of now, only seven crypto-firms are momentarily are permitted for crypto operations.
The 14 websites, namely, superrichexchanger.com, payniex.com, egtexchange.com, digicardshop.com, misterchanger.com, thaiexchanger.com, emoneythai.com, i-exch.com, exchangercoin.com, gamershoppings.com, ecurrencyplus.com, ecurrencythailand.com, lnwexchanger.com, and R Exchange’s Facebook page. Some of these websites have removed their crypto offerings after the commission’s warning.
The commission also clarified that it has received grievances about such businesses which have been encouraging the public to buy and sell cryptocurrencies through social media. The regulator further warned the public to take caution when solicited to purchase or sell digital assets by unauthorized individuals.
One of the operators on the list, R Exchange, announced on Nov. 18 that its kiosk at Bangkok’s main airport, Suvarnabhumi, started rendering services from the exchange of seven major cryptocurrencies — BTC, ETH, BCH, ETC, LTC, XRP, and XLM. It is learnt from the announcement that a withholding tax component of 15 pct is also applicable.
Currency Strength Index:FxWirePro's hourly BTC is flashing -77 (bearish), while hourly USD spot index is inching towards 70 levels (which is bullish), while articulating (at 07:23 GMT). For more details on the index, please refer below weblink:


Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro- Major Crypto levels and bias summary
Bitcoin Cracks $75K as $1.3B ETF Exodus and Middle East Jitters Spook Bulls; Bears Eye $70K
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course
Geopolitical Shocks That Could Reshape Financial Markets in 2025
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 



