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Zipmex Thailand Halts Deposit and Trading Services in Thailand

Katie Lin

Summary: Zipmex has halted deposit and trading services in Thailand to comply with regulations from Thailand's Securities and Exchange Commission, according to a statement posted by the crypto exchange on its Facebook page. Withdrawals will be processed normally until January 31, 2024, after which customers will need to contact the exchange’s customer support team for assistance ...

Zipmex has halted deposit and trading services in Thailand to comply with regulations from Thailand's Securities and Exchange Commission, according to a statement posted by the crypto exchange on its Facebook page. Withdrawals will be processed normally until January 31, 2024, after which customers will need to contact the exchange’s customer support team for assistance in withdrawing funds. Zipmex Thailand faces penalties from Thailand's SEC for allegedly misusing a digital asset custodian service and directing customers to Singapore-based exchange Zipmex Pte, creating a conflict of interest.

Author: Katie Lin

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