ChainCatcher news, according to Finance Feeds, the Securities and Exchange Commission (SEC) of Thailand has officially filed a complaint against the cryptocurrency exchange OKX, accusing it of violating the country's digital asset regulations.The lawsuit states that OKX conducted digital asset business in Thailand without obtaining the necessary licenses, violating the provisions of the 2018 Digital Asset Business Act. The Thai SEC indicated that OKX failed to implement adequate investor protection measures, including inadequate customer identification (KYC) and anti-money laundering (AML) protocols, and also failed to fulfill mandatory regulatory reporting obligations.Reports suggest that if the violation allegations are confirmed, OKX may face fines, trading restrictions, or even a complete ban on operations in Thailand.

ChainCatcher news, the Securities and Exchange Commission (SEC) of Thailand has launched a regulatory sandbox for digital assets, aimed at facilitating experimentation and the development of new digital asset services, and welcomes participants interested in testing its digital asset-related services.Among them, the six eligible digital asset-related services are: (1) digital asset exchanges; (2) digital asset brokers; (3) digital asset dealers; (4) digital asset fund managers; (5) digital asset advisors; (6) digital asset custody wallet providers.

ChainCatcher news, the Thai Securities and Exchange Commission has approved the local asset management company One Asset Management (ONEAM) to launch a Bitcoin spot ETF, namely ONE-BTCETFOF-UI. One Asset Management's BTC spot ETF is the first BTC spot ETF in Thailand, scheduled to be issued from May 31 to June 6, with an investment risk level of eight, targeting high-net-worth individuals and institutional investors.

ChainCatcher news, according to CoinDesk, the Securities and Exchange Commission (SEC) of Thailand has filed fraud charges against Zipmex Thailand's former CEO Akarlap Yimwilai. The Thai SEC alleges that Yimwilai transferred customer assets to overseas digital wallets before announcing changes to the terms and conditions, which is inconsistent with the information provided by Zipmex Thailand, constituting fraud.

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."

ChainCatcher news, the Thai Securities and Exchange Commission stated that it does not have a policy allowing securities companies to establish spot Bitcoin ETFs in the country, and noted that such financial products established overseas are not within its regulatory scope. The Thai Securities and Exchange Commission stated that the development of spot Bitcoin ETFs in the United States is still in its early stages, and the regulator also emphasized the importance of operator responsibility for investor protection.In a statement on Tuesday, the Thai Commission stated that mutual funds managed by asset management companies are not allowed to directly invest in spot Bitcoin ETFs. Prior to this statement, the U.S. Securities and Exchange Commission approved mutual funds to establish spot Bitcoin ETFs, after which some Thai brokerage firms released messages suggesting that clients could directly invest in such products.

ChainCatcher news, according to The Block, Gulf Binance, a joint venture between Binance and Gulf Innova, will initially provide services to users through an invitation mechanism and plans to open services to the public early next year.Gulf Energy Development stated that Gulf Binance has received approval from the Thai SEC to begin operating its trading platform. Gulf Binance's digital asset platform will offer digital asset trading and brokerage services, prioritizing security and compliance with Thai SEC regulations.

According to Chain Catcher news, the Thai Securities and Exchange Commission (Thai SEC) has officially charged Zipmex Co., Ltd. (Zipmex) CEO Eklarp Yimwilai.It is reported that Zipmex and Eklarp failed to submit the electronic wallet data (wallet) and other business operations used for storing customer assets, as well as details regarding digital asset transfers or withdrawals, to the regulatory officials within the specified time. After receiving notification from the regulatory officials, only partial information was submitted. This has been deemed illegal and is subject to penalties under Article 75 of the Digital Asset Act. Officials stated that the charges from the Thai SEC are just the beginning of the criminal enforcement process. (Source link)