Zipmex

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<a href="https://bitcoinworld.co.in/zipmex-exchange-halts-operation-in-thailand-over-sec-compliance-issue/" title="Zipmex Exchange Halts Operation In Thailand Over SEC Compliance Issue" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Zipmex has halted its trading operation in Thailand, according to a message the exchange posted on its Facebook page.</li>
 <li style="font-weight: 400">The exchange cites compliance with rules set by Thailand’s Securities and Exchange Commission as the cause.&nbsp;</li>
</ul>
Zipmex Thailand has halted new deposits and trading on its exchange citing compliance with Thailand’s Securities and Exchange Commission (SEC), according to a statement posted to the exchange’s Facebook <a href="https://www.facebook.com/photo?fbid=328159793256575&amp;set=a.240342025371686" rel="noopener noreferrer nofollow">page</a>.
<figure id="attachment_56400" aria-describedby="caption-attachment-56400" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-56400" src="https://bitcoinworld.co.in/wp-content/uploads/Zipmex-Facbook-Announcement-505x300.jpg" alt="" width="628" height="373" srcset="https://bitcoinworld.co.in/wp-content/uploads/Zipmex-Facbook-Announcement-505x300.jpg 505w, https://bitcoinworld.co.in/wp-content/uploads/Zipmex-Facbook-Announcement-842x500.jpg 842w, https://bitcoinworld.co.in/wp-content/uploads/Zipmex-Facbook-Announcement-1010x600.jpg 1010w, https://bitcoinworld.co.in/wp-content/uploads/Zipmex-Facbook-Announcement-768x456.jpg 768w, https://bitcoinworld.co.in/wp-content/uploads/Zipmex-Facbook-Announcement-1536x912.jpg 1536w, https://bitcoinworld.co.in/wp-content/uploads/Zipmex-Facbook-Announcement.jpg 1620w" sizes="(max-width: 628px) 100vw, 628px">
 <figcaption id="caption-attachment-56400" class="wp-caption-text">
 Zipmex Facebook Announcement
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</figure>
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The exchange clarified that withdrawals will be processed normally until January 31, 2024, at which point customers will need to contact the exchange’s customer support team for assistance in withdrawing funds.&nbsp;
Zipmex, which is based in Singapore and services Thailand, Australia, and Indonesia as well, <a href="https://www.bangkokpost.com/business/2557244/zipmex-seeks-to-discuss-fines-with-sec" rel="noopener noreferrer nofollow">faces</a> penalties from Thailand’s SEC related to Zipmex Thailand’s alleged misuse of a digital asset custodian service and for funneling customers to the Singapore-based exchange Zipmex Pte, creating a conflict of interest.&nbsp;
Zipmex has also struggled to repay creditors after losing funds through exposure to crypto lenders Babel Finance and Genesis.&nbsp;
A planned $100 million buyout of Zipmex fell apart earlier this year when the buyer, reportedly V Ventures, dropped out of the purchase. Zipmex Thailand was unable to be immediately reached for comment.
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Zipmex Exchange Halts Operation In Thailand Over SEC Compliance Issue

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