#zipmex

Troubled crypto exchange Zipmex is looking to extend the current moratorium on creditor protection by another two months to enable the company to find a solution regarding reopening its Z wallet.  Zipmex filed an application with the Singapore court for…

Thailand-based crypto exchange Zipmex’s $100 million rescue plan has hit a snag as the investor failed to make a $1.25 million payment due on March 23, Bloomberg reported on March 24. Zipmex reportedly said the failed payment could force it to liquidate its technology unit and suspend its payroll. Bloomberg reported that the exchange is uncertain about when the expected payment would be made. It…

Thai SEC to Bring A New Ban on Crypto Operators, These Activities Are Prohibited

As the cryptocurrency market gains more maturity, the Securities and Exchange Commission of Thailand is initiating new measures regarding the working of crypto operators. Reportedly, the Thai SEC is looking to ban or prohibit crypto operators from offering digital asset depository services as well as on the platform’s payment of returns… Read more

Indonesia Likely To Have Crypto Stock Market By End Of 2022

There is a big positive development for crypto enthusiasts in Indonesia. The country is expected to have a crypto stock exchange by the end of this year. As per a media report, Indonesia’s deputy trade minister Jerry Sambuaga has said that the nation will launch a crypto stock market by 2022 end. The minister has reportedly said that introducing a crypto stock exchange involves preparations,…

Zipmex to Meet Thai SEC and Potential Investors to Discuss Recovery Plan

Zipmex has asked for a meeting with regulators and potential investors to present a recovery plan. The exchange also re-enabled its Z wallet. Beleaguered crypto exchange Zipmex has made multiple developments in its bid to fix its financial woes. The Singapore-based exchange, which filed for bankruptcy protection in July 2022, said that it was seeking a meeting with potential investors and…

Zipmex requests meetings with Thai regulators to discuss ‘recovery plan’

The firm stated that its potential investors will also attend the meetings, which will include Zipmex, Thailand’s SEC, and government agencies.