The Thai Securities and Exchange Commission has ordered Zipmex to suspend digital asset trading and brokerage services

2024-02-02 19:46:47

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ChainCatcher news, the Thai Securities and Exchange Commission (SEC) has ordered the cryptocurrency exchange Zipmex to suspend its digital asset trading and brokerage services. The regulator requested the struggling cryptocurrency exchange to modify its liquidity maintenance and management structure on January 12.

However, as of February 1, the SEC was not satisfied with the changes made by Zipmex. The Singapore-based Zipmex now has 15 days to rectify its financial situation and create a system to prevent the improper use of customer funds. The SEC announced in a statement on Friday: "In this regard, Zipmex should submit the corrective results to the SEC within 15 days starting from February 2, 2024. Zipmex will resume normal business operations upon obtaining SEC approval."

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