Crypto exchange Zipmex probed by Thai SEC amid buyout

2 years ago

The cryptocurrency speech is the taxable of a probe by section monetary authorities successful Thailand for a imaginable breach of section rules for integer plus work providers.

Crypto speech   Zipmex probed by Thai SEC amid buyout

Own this portion of past

Collect this nonfiction arsenic an NFT

The cryptocurrency speech Zipmex is the absorption of a caller probe by the Securities and Exchange Commission (SEC) of Thailand for a breach of section rules. 

A Bloomberg report revealed that section authorities are looking into an enactment that they judge whitethorn beryllium successful usurpation of concern rules for integer plus work providers. This includes its offerings of definite integer plus products

According to the Thai SEC, Zipmex has until Jan. 12 to clarify whether it has been functioning arsenic a “digital-asset money manager without permission” successful Thailand. If true, the steadfast would person needed to get a licence anterior to conducting concern successful the country.

Zipmex is presently successful the process of being acquired by V Ventures, a subsidiary of Thoresen Thai Agencies Pcl, for astir $100 million. 

This communicative is presently processing and volition beryllium updated.

View source