Thailand’s Securities and Exchange Commission instructed cryptocurrency exchange Zipmex to temporarily suspend its digital asset trading and brokerage services beginning February 2. In a February 1 announcement, the SEC said that Zipmex has been given a 15-day period to fix its financial position and address operational deficiencies. Zipmex Suspension Ends Upon Fulfillment of Requirements The…
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Image Source: Zipmex Crypto exchange Zipmex Thailand has announced the immediate suspension of digital asset trading until early next year. The decision was made to ensure proper compliance with the criteria set by Thailand’s Securities and Exchange Commission (SEC), the platform wrote in a Facebook post on Saturday afternoon. “Dear customers, Zipmex Limited would like…
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Cryptocurrency exchange Zipmex has announced it has suspended trading in Thailand due to ensuring it is compliant with local regulations. Cryptocurrency exchange Zipmex has announced it is taking immediate action by suspending all digital asset trading in Thailand as part of its efforts to comply with regulations. According to a statement issued on November 25,…
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A ruling from Singapore’s High Court originally allowed Zipmex a moratorium until December 2022 to handle debt relief amid reported liquidity issues. Cryptocurrency exchange Zipmex has requested another extension which would allow for a longer moratorium on its debt in Singapore amid the firm’s liquidity issues. In an April 18 announcement, Zipmex said it was…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Hackers Steal $23M from Bitrue, Canon USA to Launch NFT Marketplace, HashKey Launches Wealth Management Platform, Ripple Reveals Liquidity Hub Read more »Sign up for e-EUR – the…
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The future of troubled crypto exchange, Zipmex, hangs in the balance as its $100 million bailout deal faces jeopardy due to a missed payment of $1.25 million on March 23. The deal was with V Ventures, a subsidiary of Thoresen Thai Agencies Pcl, and the exchange is yet to receive the latest payment. … Read More:…
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Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with the ability to trade or…
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Thailand’s securities regulator recently said it had referred digital asset service provider Zipmex and its Thai unit chief executive officer, Akalarp Yimwilai, to a technology crime division of the Royal Thai Police. The regulator said it made decision after Yimwilai and his company failed to comply with the request to furnish an official with information…
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The Cyber Crime Investigation Bureau in Thailand will now consider whether to pursue legal action against Zipmex following the SEC’s allegations. Thailand’s Securities and Exchange Commission, or SEC, has accused crypto exchange Zipmex and its co-founder Akalarp Yimwilai of non-compliance with local laws and referred the matter to the police. In a Wednesday announcement, the…
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Thailand has introduced tighter rules that will oblige crypto companies to duly inform potential customers of the investment risks on their advertisements. The new regulations also prohibit businesses in the industry from making misleading or exaggerated claims.
Securities Watchdog Adopts Stricter Advertising Rules for Crypto Platforms in Thailand
Thailand’s Securities and Exchange Commission…
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