WEB3 Regulation - Thailand
Law, policy, supervision, WEB3 supervision - Thailand Golden Finance, an article detailing Thailand's Web3 supervision.
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Law, policy, supervision, WEB3 supervision - Thailand Golden Finance, an article detailing Thailand's Web3 supervision.
Discover the latest on Zipmex's operational halt in Thailand, as it faces SEC scrutiny and financial distress
The Securities and Exchange Commission (SEC) of Thailand has implemented a trading and asset deposit halt for Zipmex, effective from 25 November, 1pm local time. This decision aligns with local regulations to ensure compliance. The suspension instructs customers seeking fund or asset withdrawals during this period to directly contact the exchange.
The action appears to have been triggered by concerns about what Zipmex Thailand told the regulator about the interest payments it made.
Crypto exchange Zipmex has planned to meet with the Thailand Securities Exchange Commission along with other regulators to discuss the ...
Thailand’s regulators are still approving crypto companies despite one of its largest ones suspending withdrawals.
It appears the firm's fortune took a turn to the worst via its exposure to troubled crypto lending service Babel Finance.
The crypto exchange said it had $48 million in exposure with Babel Finance and $5 million with Celsius — both firms faced liquidity and insolvency issues, respectively.
Crypto exchange platform, Huobi is winding down its operations in Thailand, according to the statement by the platform. This closure ...