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
Why Is Stacks (STX) Price Down Today? Key Drivers
Stacks (STX) is trading at $0.320609 as of November 3, 2026, down 5.18% over the past 24 hours as sellers pushed the token to its lowest level in recent session...
Tether Freezes $4.5M USDT Tied to Mercado Bitcoin Breach
Tether has frozen $4.5 million in USDT linked to a breach at Mercado Bitcoin, the Brazilian crypto exchange.
New Jersey Drops Coinbase Lawsuit, Allowing Crypto Staking to Resume
New Jersey has dropped its lawsuit against Coinbase, clearing the way for the exchange to resume crypto staking services for eligible customers in the state.
Why Is Pump.fun (PUMP) Price Down Today? Drivers to Watch
Pump.fun (PUMP) is trading at $0.00408859 on November 2, 2026, down 3.82% over the past 24 hours. The move extends a period of soft price action for the token,...
Robinhood Q3 Revenue Reaches $1.42B as Crypto Income Drops 55%
Robinhood posted $1.42 billion in total Q3 2025 revenue, while crypto-specific income dropped 55% in the same period, according to the company’s official earnin...
THORChain Glitch Blocks Binance Hack Route as FBI Presses Nodes
The reported glitch affected THORChain’s cross-chain swap infrastructure, creating an outage on a route law enforcement had flagged as active in moving hack-lin...
