Thai Securities and Exchange Commission Accuses Zipmex and Its CEO

The Securities and Exchange Commission (SEC) of Thailand has filed charges against a co-founder of Zipmex and the CEO of its Thai subsidiary, Akalarp Yimwilai, and the cryptocurrency exchange itself. Thai SEC Collecting Zipmex Transactional Info According to an official statement, the SEC reportedly gathered transactional data from Zipmex after the exchange stopped allowing withdrawals in July. Due to Zipmex and Eklarp’s failure to deliver this information, the Securities and Exchange Commission has filed a complaint. In an official response shared, a company spokesperson said that Zipmex is currently compiling relevant documents that belong to both Zipmex itself and Zipmex Pte. Ltd., which is not under the regulatory jurisdiction of the Thai SEC. Accordingly, any disclosure of Zipmex Pte Ltd’s information must be done with the utmost care and thought to comply with legal requirements completely and uphold data privacy principles. The spokesperson further asked the customers to “relax” as the business would handle this situation in their “best interests.” Authorization Of Four Crypto Startups Thailand’s financial watchdog, the Securities and Exchange Commission (SEC), has authorized four other cryptocurrency businesses. The decision was made amid unrest over Zipmex, a Singaporean exchange in Thailand. Customers utilizing the Z Wallet in Thailand have been unable to withdraw money, according to Zipmex Thailand. Soon after, the ...