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Thailand is planning to block unauthorized cryptocurrency service providers to fight online crime. The Office of the Securities and Exchange Commission (SEC) is partnering with Thai government agencies to prevent criminals from utilizing crypto exchanges for illicit activities, including money laundering. Thailand Warns about Unregistered Crypto Platforms According to the press release, Pornanong Busaratrakul, the Secretary General of the SEC, recently disclosed plans to submit information about unauthorized crypto service providers to the Ministry of Digital Economy and Society. The regulator's decision reflects similar actions taken by other countries like India and the Philippines . The SEC is strengthening its commitment to protecting investors and safeguarding the financial system by taking action against unregistered crypto service providers in Thailand. In light of this development, the SEC has u
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