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
New ENS Proposal Would Make .eth Migration to ENSv2 Irreversible
ENS founder Nick Johnson posted an executable governance draft titled “Activate ENSv2” on October 11, 2026, proposing to bring ENSv2 online on Ethereum mainnet,...
Blur to Shut Down Frontend as On-Chain Protocol Continues
A frontend is the web interface users interact with to browse, list, and trade NFTs. Shutting it down removes that access layer without touching the smart contr...
ASIC Proposes Crypto-Settled CFD Protections in Australia
Australia’s financial regulator is proposing to extend its existing retail CFD protections to cover derivatives settled through digital assets, closing a regula...
UK Court Applies Chinese Law to 61,000 Seized Bitcoin Ownership Claims
The ruling does not determine who ultimately owns the bitcoin. It establishes which legal framework the court will apply when assessing those competing claims,...
Strive Acquires 3,311 BTC in Latest Bitcoin Purchase
Strive has acquired 3,311 BTC in its latest reported Bitcoin purchase, adding to a growing institutional push by the company to build a Bitcoin-focused treasury...
South Korea Crypto Debt-Recovery Rules Start Nov. 1
South Korea will extend civil debt-recovery rules to cryptocurrency from November 1, bringing both exchange-held assets and directly held coins and tokens withi...
