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Zipmex Thailand Suspends Crypto Trading Citing Compliance With the Country’s SEC Rules

Crypto exchange Zipmex Thailand has announced the immediate suspension of digital asset trading until early next year. The decision was made to ensure proper compliance with the criteria set by Thailand’s Securities and Exchange Commission (SEC), the platform wrote in a Facebook post on Saturday afternoon. However, customers will still be able to withdraw Thai baht and digital assets from their Trade Wallet through the website and mobile application until January 31, 2024. For digital assets categorized as ‘Trade Only,’ customers must contact Customer Support for withdrawal. Zipmex Thailand mentioned that the withdrawal process for digital assets may take between seven to 14 days.

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