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
US Banking Group Sues OCC Over Crypto Trust Bank Approvals
A US banking industry group has filed a lawsuit against the Office of the Comptroller of the Currency, challenging the federal regulator’s decisions to approve...
20,000 ETH Moved From Bitfinex to Aave: What It Means
On-chain monitoring service Whale Alert flagged a transfer of 20,000 ETH from Bitfinex to an address attributed to Aave on Oct. 3, 2026 at 14:06:47 UTC, valuing...
Bitcoin Breaks $85K Sell Wall, Glassnode Says
Bitcoin has pushed through the $85,000 sell wall that had been capping upside momentum, according to on-chain analytics firm Glassnode. The break removes a laye...
VanEck BNB ETF Adds Staking Objective
VanEck has amended the mandate for its spot BNB ETF, ticker VBNB, adding staking as a secondary investment objective and appointing Figment to support execution...
Bitfinex: 39,000 BTC Left Exchanges in Late-September Rally
Bitfinex published the estimate on X, noting that approximately 39,000 BTC departed exchange wallets during Bitcoin’s late-September price rally. The figure rep...
Dormant ETH Worth $580M Moves With Little Price Impact
Long-dormant Ethereum moved at an unusual scale on September 30, 2026, with Santiment’s Age Consumed metric hitting roughly 580 million token-days, about nine t...
