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SEC bars Bitkub from registering new clients

SEC bars Bitkub from registering new clients

Crypto exchange must satisfy securities regulator that it can handle high trading volume

The Securities and Exchange Commission has ordered the local cryptocurrency exchange Bitkub Online to suspend new client registration until it can handle more volume. (Bangkok Post file photo)

Thai cryptocurrency exchange Bitkub Online announced the suspension of new client registration on Friday following an order from the Securities and Exchange Commission (SEC) asking the company to halt accepting new clients until the company proves its platform is able to effectively accommodate trading activities of its existing customers.

Last month Bitkub temporarily shut down its trading platform to fix issues with the system,…

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