Thailand: Issued interim ruling in Thai SEC investigation into Zipmex

On 2 February 2024, the Thai Securities and Exchanges Commission (SEC) issued an interim ruling against cryptocurrency exchange Zipmex as part of an ongoing investigation into its financial position and operational deficiencies. Specifically, the SEC ordered Zipmex to suspend its operations and take a number of corrective actions, including correcting its financial position, modify its management structure, and create a system to prevent misuse of customer assets. Upon submission of the corrections within 15 days and approval by the SEC, Zipmex will be permitted to continue its operations.