Thailand Probes Embattled Crypto Exchange Zipmex on Rule Breach
- Firm may have needed permit as digital asset fund manager
- Zipmex is in the midst of $100 million venture capital buyout
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Thailand’s securities regulator is probing whether embattled crypto exchange Zipmex, which is in the midst of being taken over, breached local rules in its offer of certain digital-asset products.
The nation’s Securities and Exchange Commission wrote to Zipmex Thailand’s Chief Executive Officer Akalarp Yimwilai on Dec. 28 noting that some of the firm’s activities may be in violation of digital-asset business rules, according to a letter seen by Bloomberg News.