Cryptocurrency exchange Zipmex has announced that it halted its trading activity in Thailand to ensure its compliance with local regulations.
The company opted to temporarily suspend its operations to align with regulatory requirements imposed by the Securities and Exchange Commission (SEC) in Thailand. According to officials, to ensure that the business operations of Zipmex are appropriate and compliant with the criteria set by SEC Thailand, the company is required to temporarily halt the trading and depositing of all types of assets.
Furthermore, Zipmex advised customers to directly contact it if they want to withdraw funds or assets. Representatives stated that after the end of January 2024, when the company suspends all withdrawals via the website and mobile application, users need to contact customer support for withdrawals.
Zipmex’s past difficulties in Thailand
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