Thailand Regulator Investigating Crypto Exchange Zipmex

Crypto Exchange Zipmex Facing Thailand SEC Probe

January 11, 2023 Story: Mohd Javed

Zipmex, which is in the midst of being taken over by a Thailand-linked venture capital fund, has been facing Thailand SEC’s probe.

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Thailand SEC wrote to Zipmex CEO Akalarp Yimwilai on December 28 that the firm violated digital-asset business rules.

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The company could have been operating as a “digital-asset fund manager without permission,” the SEC said.

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The SEC also gave an ultimatum of 24 hours to Zipmex to file its reply.

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Firm may have needed permit as digital asset fund manager

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Zipmex has been restructuring after falling victim to the prolonged bear market in virtual coins.

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The Thailand firm is in the midst of $100 million venture capital buyout

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