Thai Regulator Accuses Digital Asset Service Provider of Failing to Comply Wi...
Thailand’s securities regulator recently said it had referred digital asset service provider Zipmex and its Thai unit chief executive officer, Akalarp Yimwilai, to a technology crime division of the Royal Thai Police. The regulator said it made decision after Yimwilai and his company failed to comply with the request to furnish an official with information relating to customers’ digital wallets. Zipmex Fails to Share Details on Transfers and Withdrawals on Its Platform Thailand’s Securities and Exchange Commission (TSEC) said it has referred Zipmex and the....
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Huobi’s operations in Thailand have been suspended by local authorities after it allegedly failed to comply with local regulations. Thailand’s Securities and Exchange Commission has temporarily suspended the services of the local branch of crypto exchange Houbi and recommended revoking its operating license with the Ministry of Finance. With the suspension in place, Huobi has been given three months to return all assets to its clients.Huobi, which is branded as DSDack in Thailand, received the suspension order after failing to comply with local regulations related to its operations and....