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Cryptocurrency exchange Zipmex has stopped trading in Thailand

According to a statement posted on its Facebook page by the cryptocurrency exchange Zipmex, Zipmex Thailand has stopped new deposits and trades on its exchange in compliance with the regulations of the Thailand Securities and Exchange Commission. The exchange clarified that withdrawals will be processed normally until January 31, 2024, and customers will need to contact the exchange's customer support team for assistance with withdrawals. The reason for the exchange's suspension is that Zipmex Thailand is suspected of abusing digital asset custody services and directing customers to the Singaporean exchange Zipmex Pte, resulting in a conflict of interest and facing punishment from the Thai Securities and Exchange Commission.

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