Thailand Revokes Zipmex Licence Amid Regulatory Failures
The cryptocurrency exchange Zipmex lost its operating license after Thai authorities discovered that it had consistently disregarded directives. The Securities and Exchange Commission (SEC) discovered that Thai cryptocurrency exchange Zipmex had consistently disregarded court orders, leading to the exchange losing its business license. In a news release dated June 11, the SEC stated that Zipmex’s […]
Thai SEC Recommends Revoking Zipmex’s License
The Finance Ministry of Thailand received a recommendation from the Securities and Exchange Commission (SEC) to revoke the digital asset license of cryptocurrency exchange Zipmex. At a meeting on February 21, the SEC also decided that the February 1-imposed business suspension of Zipmex would remain in effect and that clients would have until March 11 […]
Ex Zipmex CEO Faces Charges From Thailand SEC
Akalarp Yimwilai, the former CEO of Zipmex, has been charged with fraud by Thailand’s Securities and Exchange Commission (SEC) for allegedly misleading clients by providing them with information about utilizing their digital assets. The Thai SEC stated on February 8 that Akalarp, while serving as CEO of Zipmex Thailand, disseminated inaccurate information concerning the transfer […]
Zipmex to Suspend Services Temporarily in Thailand
Thailand’s Securities and Exchange Commission (SEC) has issued a temporary suspension order for digital asset trading and brokerage services on the cryptocurrency exchange Zipmex. The SEC stated in a supplemental filing on February 2 that Zipmex had fifteen days to rectify “its financial position and operational deficiencies,” as the financial regulator had previously mandated. The […]
Zipmex Cryptocurrency Exchange to Pay Creditors 3 Cents per Dollar
Troubled cryptocurrency exchange Zipmex is offering its creditors an additional payment of 3.35 cents per dollar for initial claims the company owes its clients $97 million. Bloomberg reported on November 29 that, “subject to the recovery,” Zipmex might increase the price from 3.35 cents to 29.35 cents per dollar. However, significant creditors oppose the proposed […]