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CryptoIntelligence 2024-06-12 05:55:15

Thailand SEC Revokes Zipmex’s Cryptocurrency Exchange Licenses Amid Regulatory Violations

Thailand SEC Revokes Zipmex’s Cryptocurrency Exchange Licenses Amid Regulatory Violations

Thailand’s Securities and Exchange Commission (SEC) has revoked two operating licenses for the cryptocurrency exchange Zipmex after months of regulatory scrutiny. In a June 11 announcement, the SEC declared that as of May 28, Zipmex is no longer authorized to operate as a digital asset exchange and broker for cryptocurrencies in Thailand. The regulatory body had previously ordered Zipmex to halt its services to Thai users in February to address its financial and operational deficiencies. However, the finance minister concluded that the exchange had not complied with these directives. The SEC emphasized that Zipmex must return assets to its clients

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