Thailand Warns Against Using CoinEx Over Lack of Local License

Oct. 14, 2022, 5:32 AM UTC

Thailand’s market regulator reminds local investors that CoinEx hasn’t received a license to offer digital-asset trading services in the country.

  • The nation’s Securities & Exchange Commission says in a statement Friday that investors who trade digital assets via operators without licenses should be cautious because their transactions won’t be protected under the law
  • The commission says CoinEx is making marketing efforts to attract Thai investors
    • Parties that promote and advertise to attract Thai individuals to trade digital assets without licenses will receive penalties under the law

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