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Crypto exchange Zipmex probed by Thai SEC amid buyout

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

A Bloomberg report revealed that native authorities are trying 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

In response 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 strategy of being acquired by V Ventures, a subsidiary of Thoresen Thai Businesses Pcl, for round $100 million. 

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