# SEC to restrict access to unlicensed digital asset service platforms (SEC News)

- Link: https://www.thailand-business-news.com/cryptocurrencies/137449-sec-to-restrict-access-to-unlicensed-digital-asset-service-platforms-sec-news
- Published: 2024-04-24T15:52:57+07:00
- Author: SiamNews PR

**The SEC and the Ministry of DE are working together to limit access to unauthorized
digital asset platforms, combat money laundering, and fight cybercrime. Investors
are advised to withdraw their assets and exercise caution. For a list of licensed
operators, visit the SEC’s website.**

---

Bangkok, 19 April 2024 – The Securities and Exchange Commission (SEC) is collaborating
with the Ministry of Digital Economy and Society (DE) and other relevant agencies
in restricting access to unlicensed digital asset service platforms. This joint 
effort aims to enhance the efficiency of law enforcement and prevent scammers from
using such platforms to launder illegally obtained assets, thereby addressing cybercrime.

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SEC Secretary-General Pornanong Budsaratragoon stated,

> “On April 19, 2024, the Technological Crime Prevention and Suppression Committee
> approved a resolution for the SEC to exchange information regarding unlicensed
> digital asset service providers with the DE. The goal is to obstruct access to
> these platforms, bolster law enforcement, and deter scammers from exploiting these
> platforms to launder illegally acquired assets. This represents a further measure
> in the fight against cybercrime.”

Previously, the SEC enforced the law against unauthorized digital asset service 
providers soliciting their services in Thailand. In carrying out its roles and responsibilities,
the SEC filed criminal complaints with the Economic Crime Suppression Division of
the Royal Thai Police (ECD) against violators, including foreign platforms such 
as Binance and Bybit Fintech Limited (Bybit).

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Additionally, the SEC has suggested the investors withdraw their assets from those
unlicensed platform. 

The SEC strongly advises the public and investors to be cautious when dealing with
unlicensed digital asset business operators as there is no legal protection and 
instead they may be at risk of being scammed or caught in the middle of money laundering.
To check the list of licensed operators, please visit [www.sec.or.th](http://www.sec.or.th/)
or use the SEC Check First application. To check the list of individuals who are
not regulated by the SEC, please go to Investor Alert via this link: [https://market.sec.or.th/public/idisc/th/InvestorAlert](https://market.sec.or.th/public/idisc/th/InvestorAlert).

**Source** : [SEC collaborates with government agencies to restrict access to unlicensed digital asset service platforms](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=10744&rand=113627)