SEC shuts down Holdstation and UNO digital asset platforms

MGR Online•Economy•9d ago

Reader Briefing

The Securities and Exchange Commission (SEC) has taken legal action against six parties for operating unauthorized digital asset brokerage businesses through Holdstation and UNO.

•The SEC accused six parties, including developers of Holdstation and UNO and Tools for Humanity Corporation, of operating unauthorized digital asset brokerages.
•The Ministry of Digital Economy and Society is ordered to block access to Holdstation and UNO starting October 1, 2026.
•The SEC advised investors to transfer digital assets to private wallets or licensed operators before the shutdown date.

Overview

•The Securities and Exchange Commission (SEC) accused six parties, including developers and supporters, of operating digital asset brokerage businesses without permission.
•The SEC found that Holdstation and UNO provided digital asset trading and exchange services for fees and targeted Thai users via Thai language support.
•The Ministry of Digital Economy and Society is ordered to block access to Holdstation and UNO from October 1, 2026 onwards.
•World App and World Wallet will remain operational as they do not fall under the unauthorized digital asset business classification.
•The SEC stated that digital asset users of Holdstation and UNO are not protected by the SEC and must claim damages directly from the providers.
•The cases will be investigated by the Economic Crime Suppression Division before being sent to the public prosecutor and the court.

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Key Entities

Organization

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

The regulatory body that accused six parties of operating unauthorized digital asset brokerages.

Holdstation

A digital asset trading application accused of operating as an unauthorized broker.

UNO

A digital asset trading application accused of operating as an unauthorized broker.

Tools for Humanity Corporation

The company behind World App that was accused of supporting the promotion of the UNO application.

World Appℹ️

A global platform that hosts various Mini Apps, including those associated with the unauthorized brokerages.

Ministry of Digital Economy and Society(กระทรวงดิจิทัลเพื่อเศรษฐกิจและสังคม)ℹ️

The ministry ordered to block access to Holdstation and UNO.

Economic Crime Suppression Division(กองบังคับการปราบปรามการกระทำความผิดเกี่ยวกับอาชญากรรมทางเศรษฐกิจ)

The investigative body responsible for the next step of the criminal justice process in this case.

World Wallet

A service within World App that remains operational.

Person

Mr. Hoai Nam

A developer and main operator of the Holdstation application.

Mr. Trung Banh

A developer and main operator of the Holdstation application.

Mr. Trung Huynh

A developer and main operator of the Holdstation application.

Mr. John Palmer

The developer of the UNO application.

Mr. Alex Blania

The CEO of Tools for Humanity Corporation during the period of the incident.

Law

Emergency Decree on Digital Asset Businesses 2018(พระราชกำหนดการประกอบธุรกิจสินทรัพย์ดิจิทัล พ.ศ. 2561)

The law violated by the unauthorized digital asset brokerages under section 26.

Emergency Decree on Measures for Prevention and Suppression of Technological Crimes (No. 2) 2025(พระราชกำหนดมาตรการป้องกันและปราบปรามอาชญากรรมทางเทคโนโลยี (ฉบับที่ 2) พ.ศ. 2568)

The law granting the Ministry of Digital Economy and Society the power to block unauthorized digital asset platforms.

Criminal Code(ประมวลกฎหมายอาญา)ℹ️

The law under which Tools for Humanity Corporation was accused of aiding an unauthorized business.