The Thai SEC alleged crypto exchange Zipmex had not provided sufficient information on digital wallets and crypto transactions in compliance with the country’s Digital Assets Act.
The Securities and Exchange Commission (SEC) has tightened rules on advertising by crypto companies, joining countries like Singapore in seeking to protect retail investors in the wake of a US$2-trillion-selloff in digital asset markets.
Some shareholders and potential investors in Asian crypto exchange Zipmex Pte are urging Chief Executive Officer Marcus Lim to step down over management decisions they argue led to a severe cash crunch, people familiar with the matter said.