Thailand’s Securities and Exchange Commission (SEC) has
directed Zipmex Company Limited to temporarily suspend its digital asset trading center and
brokerage services. The SEC’s decision against Zipmex reflects the company’s ongoing struggle to address financial and operational issues despite prior warnings.
According to the SEC, the 15-day window for
corrective measures, initiated on January 12, 2024, has lapsed. This led to the action taken during the SEC Committee’s meeting held on February 1, 2024.
The committee expressed concerns over Zipmex‘s
failure to address issues related to net liquid capital maintenance, business
structure, and potential offenses involving customer property. Under the orders for suspension, effective February 2, 2024,…
