Zipmex Temporarily Suspends Operations in Thailand
To comply with the laws of the Thai Securities Commission, Zipmex has made a decision to temporarily suspend trading pursuits in the land of the Golden Temple....
To comply with the laws of the Thai Securities Commission, Zipmex has made a decision to temporarily suspend trading pursuits in the land of the Golden Temple.
Zipmex Temporarily Suspends Operations in Thailand. Photo: Technology in Asia
According to a observe posted on the exchange’s Facebook web page on November 25, the Zipmex Thailand branch has temporarily stopped deposits and new transactions on the platform.
Zipmex announced the suspension of operations in Thailand on its fan web page
However, the exchange even now processes withdrawal requests right up until January 31, 2024. After that deadline, consumers need to speak to Zipmex buyer services for help with withdrawing dollars.
“After January 31, 2024, the company will temporarily stop cash withdrawals via the website and mobile application. Customers must contact support to withdraw money.” – Notification alert.
Zipmex is headquartered in Singapore and has subsidiaries working in Thailand, Australia and Indonesia. The trading platform has started to be touched by the Thai SEC in July 2022. As a outcome, the country’s securities management company Golden Temple accused Zipmex of shady operations, abusing digital asset monitoring solutions to transfer consumer addresses to Zipmex Pte in Singapore.
Furthermore, Zipmex when closed its withdrawal portal and had to do the job really hard to repay the debt heavily implicated with two crypto lending providers shedding dollars Babel Finance and Celiso. The “sale” agreement to the V Ventures investment fund also well worth $a hundred million collapsed earlier this yr. The exchange has begun restructuring its operations following the Singapore Supreme Court’s “amnesty” debt repayment obligations for one more three months.
In the opposite course, SEC Thai once more green light for the Binance giant via the new joint venture with Gulf Energy Development. The Thai Department of Revenue also has it Cryptocurrency Income Tax Plan from following yr.
Coinlive compiled
Join the discussion on the hottest problems in the DeFi marketplace in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!
More From Crypto News
Aave V4 Proposal Puts DAO Funds First for Bad Debt
A new Aave V4 proposal filed September 11, 2026 would place Aave DAO funds first in line to absorb bad debt, positioning DAO-funded deficit offsets as the initi...
Balancer Proposes Shutdown and Treasury Distribution to BAL Holders
Balancer’s DAO is weighing an orderly shutdown. On September 14, 2026, forum author Marcus posted a proposal to wind down Balancer and distribute the treasury t...
Grayscale Gives XRP 26% Weight in New Advisor Model Portfolio
The figure describes XRP’s target allocation inside that single model, not its share of Grayscale’s total assets.
House Panel to Mark Up Strategic Bitcoin Reserve Bill Wednesday
The House Financial Services Committee has scheduled a full committee markup of a Strategic Bitcoin Reserve bill for Wednesday, September 16, 2026, advancing H....
Aave USDT0 Pool on Monad: $4.4M Unborrowed of $55.9M
4 million unborrowed against $55. 9 million supplied in a September 12, 2026 snapshot dated 21:09 UTC, leaving only a thin liquidity buffer for withdrawals.
Goldman Sachs Sees 85% Chance of September Fed Rate Hike
The reported forecast assigns an 85% probability to a hike, attributed to Goldman Sachs, according to unconfirmed reports. A single source carried the figure, a...
