Thailand: Issued Recommendation to the Minister of Finance to revoke Zipmex's digital asset business license
Description
Issued Recommendation to the Minister of Finance to revoke Zipmex's digital asset business license
On 2 February 2024, the Thai Securities and Exchange Commission (SEC) issued an interim ruling against the cryptocurrency exchange Zipmex. The ruling was part of an ongoing investigation into Zipmex's financial position and operational deficiencies.…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority
Complete timeline of this policy change
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2024-02-02
under investigation
2024-02-02
under investigation