Thailand Securities Regulatory Commission accuses OKX of violating the country’s digital asset regulations

According to Finance Feeds, the Thai Securities and Exchange Commission (SEC) has officially filed a complaint against cryptocurrency exchange OKX, accusing it of violating the country's digital asset regulations. The lawsuit states that OKX has been conducting digital asset business in Thailand without obtaining the necessary license, which violates the Digital Asset Business Act of 2018. The Thai SEC indicates that OKX failed to implement sufficient investor protection measures, including inadequate customer identification (KYC) and anti-money laundering (AML) protocols, and also failed to fulfill mandatory regulatory reporting obligations. If the violations are confirmed, OKX may face fines, trading restrictions, or even a complete ban on operations in Thailand.