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Thailand’s Financial Watchdog Issued Warning Against 14 Websites

Joshua Trelawen by Joshua Trelawen
November 26, 2018
in News
Thai SEC

Thailand’s financial watchdog — Thai SEC has recently released a warning, regarding 14 websites. The regulator made it known that those behind these 14 websites have been advertising high yield investment opportunities through the web pages.

Thai SEC Only Approved Seven Companies

According to Thai SEC, the websites are being used as a channel through which cryptocurrencies and related products are being bought and sold. The regulator further made it known that these operators are not authorized to conduct crypto business in the country.

According to a previous press release from the regular, only seven companies are temporarily approved to run crypto related operations in Thailand.
The regulator has also made it known in its recent warnings that none of these 14 websites is part of the temporarily approved crypto operations.
Based on information sourced from the regulator’s website, six of the approved entities are crypto exchanges while one is a crypto dealer.
The approved companies are:
Bitcoin Co. Ltd. (Bx), Bitkub Online Co.Ltd., Cash2coins, Satang Corporation (Tdax), Coin Asset Co. Ltd., and Southeast Asia Digital Exchange Co. Ltd. (Seadex). OnlyCoins Th, has been temporarily approved as a crypto dealer.

The regulator also made it known that it has received complaints about these businesses from victims of these fraudulent operators. According to the report, these victims are been encouraged to buy and sell cryptocurrencies on the platform, via well placed social media adverts.

Website Names

The names of the 14 websites according to the Thai SEC are payniex.com, misterchanger.com, thaiexchanger.com, egtexchange.com, digicardshop.com, superrichexchanger.com, emoneythai.com, i-exch.com, exchangercoin.com, gamershoppings.com, ecurrencyplus.com, ecurrencythailand.com, lnwexchanger.com, and R Exchange’s Facebook page.

It is, however, important to note that, as a result of the commission’s warning, some of the listed websites have removed their crypto related products.

According to the warning report, one of the mentioned websites recently made it known, that “it is now offering the exchange of seven cryptocurrencies — BTC, BCH, ETH, ETC, LTC, XRP, and XLM.”
The website also made it known that a withholding tax of 15 percent will apply.

Tags: 14 websitesThai SECThailand
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Joshua Trelawen

Joshua Trelawen

Blockchain Researcher | Investigations Reporter | Tokenomics and Liquidity Analyst
Joshua Trelawen is a senior crypto researcher and reporter whose work focuses on the evidence beneath market narratives. At TheCCPress, he covers fraud signals, liquidity shifts, whale behavior, tokenomics, and the structural weaknesses that often sit behind high-confidence crypto stories. He is a strong fit for coverage that needs more than commentary and requires a careful reading of data, incentives, and market behavior.

“A good investigation does not just identify what looks suspicious. It explains the structure that made it possible.”

Profile
- Gender: Male
- Born: September 1990
- Based: Tallinn, Estonia
- Company: TheCCPress
- Website: https://theccpress.com/
- Coverage Focus: Investigations, fraud, collapse, tokenomics, liquidity, power structures

Experience
Joshua has spent more than a decade working across crypto research, journalism, and market analysis. His background includes advising research teams, interpreting on-chain data, following liquidity movements, and writing for audiences that need both context and precision. At TheCCPress, that makes him an ideal fit for investigations and stories where token structure or capital flows are central to the truth of the story.

Background
Trained in economics and finance, Joshua built a professional reputation around translating complex data into readable reporting. Although his earlier work covered broad crypto and DeFi topics, his value to TheCCPress lies in his ability to investigate how ecosystems are funded, how narratives are sustained, and where risk is being disguised as innovation.

Achievements
Joshua has published deep-dive reports on DeFi hacks, whale behavior, liquidity risk, and token valuation. He is particularly strong when a story needs to move from rumor or public narrative into a more disciplined explanation of what the evidence can actually support.

Work Style
His work style is analytical, source-led, and skeptical without being theatrical. Joshua is most effective when he can take a complex market or token story and show readers the structure underneath it: where the incentives sit, where the pressure points are, and where the narrative does not hold.

Skills
His core strengths include on-chain analysis, tokenomics research, investigative reporting, market-risk interpretation, data-backed feature writing, and long-form explanatory journalism. He is most useful on stories that require technical confidence and editorial restraint at the same time.

Additional Information
Within TheCCPress, Joshua is a natural fit for investigations/fraud, investigations/collapse, power/vcs, and selected conflicts/company stories. He strengthens the site’s ability to investigate systemic risk and questionable market structures.

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