Crypto exchange Zipmex probed by Thai SEC amid buyout

The cryptocurrency exchange Zipmex is the main target of a brand new probe by the Securities and Exchange Commission (SEC) of Thailand for a breach of native guidelines. 

A Bloomberg report revealed that native authorities are wanting into an exercise that they imagine could also be in violation of enterprise guidelines for digital asset service suppliers. This consists of its choices of sure digital asset merchandise

According to the Thai SEC, Zipmex has till Jan. 12 to make clear whether or not it has been functioning as a “digital-asset fund supervisor with out permission” in Thailand. If true, the agency would have wanted to acquire a allow previous to conducting enterprise within the nation.

Zipmex is at present within the technique of being acquired by V Ventures, a subsidiary of Thoresen Thai Agencies Pcl, for round $100 million. 

This story is at present growing and will probably be up to date.