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SEC Board orders Zipmex to resume trading services according to trading rules and deposit/withdrawal service of digital assets



Monday 25 July 2022 | No. 121 / 2022


Bangkok, 25 July 2022 – It appears that Zipmex Thailand has not resumed its digital asset trading service in accordance with the company’s rules, conditions and procedures (Trading Rules) as approved by the SEC Board and its deposit/withdrawal service for all types of cryptocurrency in its Trade Wallet. The suspension of such services may cause damage to the public.  

Pursuant to Paragraph 1 of Section 35 of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), the SEC Board Meeting No. 9/2565 today has passed a resolution ordering Zipmex to resume its trading service according to the company’s Trading Rules as approved by the SEC Board and its deposit/withdrawal service for digital assets with professional care to increase protection of its clients’ assets and ensure continuing services related to trading, depositing and withdrawing digital assets. Meanwhile, the company may consider accepting new clients as deemed appropriate and sufficient by taking into account the characteristics, size, volume, complexity and range of businesses and services as well as associated risks. Zipmex is required to fully comply with the order within three days as from the date on which the SEC notifies the company of the SEC Board’s order in writing. 

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