The SEC disclosed that Zipmex and its co-founder Eklarp Yimwilai failed to report all relevant details surrounding the pausing of withdrawals and deposits on the platform.
Thailand doubles down on consumer protection with stringent protocols on advertising, mandating digital asset operators to sell assets based on facts, including disclosing the risks of acquiring one.
Bitkub's CTO faces sanction on charges of allegedly taking advantage of SCBX's planned 51% stake bid in the exchange platform to boost his KUB token investment.
Thailand's SCBX may have called off plans to purchase shares in digital exchange Bitkub but has refused to close doors to future collaboration with the troubled platform.
Zipmex lays out its plan to break from a liquidity crisis by introducing potential investors to Thai regulators while appointing solicitors to ensure its smooth restructuring process.
CoinGeek’s Alex Moon recently joined the Brittany Bitz podcast to discuss Bitcoin SV, entrepreneurship on the blockchain, and the grand vision of Bitcoin as a global network.
The plan will make the Bank of Thailand a second digital assets industry oversight body following the SEC, which is currently the sole digital assets industry regulator.
Despite approving its licenses, the Thai securities regulator still needs to inspect the firms' operations before they can kick off market activities, a report noted.
The Bank of Thailand says this next phase will be a pilot phase focused on testing "real-life applications of Retail CBDC" with the private sector.
The online complaint form will be more convenient for users and will help them gather more factual information "clearly and accurately," according to the Thai securities regulator.
The digital currency exchange said it has been trying to reach clients to withdraw their funds since September, and they will still be able to contact the Thailand subsidiary for withdrawals after the deadline.