Thai regulator questions crypto firm Zipmex amid buyout
Tech in Asia·2023-01-12 00:01
Thailand’s Securities and Exchange Commission (SEC) is questioning whether Zipmex Thailand has violated the country’s regulations on digital assets, Bloomberg reported.
According to a letter seen by Bloomberg, the SEC claims that Zipmex Thailand could be functioning as a “digital-asset fund manager without permission.” The statement specifically refers to the firm’s crypto returns-earning programs, ZipUp and ZipUp+.
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