EEA MiCA-licensed crypto exchanges are being banned in Thailand

Thai regulators have banned Bybit, OKX, and three other exchanges for failing to prevent money laundering and fraud. The block takes effect on June 28th, cutting off access for local users. This crackdown occurs despite these platforms securing MiCA licenses for European operations. I see a clear divergence in global enforcement standards where regional compliance fails to satisfy local anti-crime mandates.