The SEC has ordered Zipmex, by virtue of Clause 13/1(3) of the said Notification, to take steps towards meeting the minimum net capital requirements, taking into account clients’ best interest as
Minister, upon the recommendation of the SEC, may order the digital asset business operator whose licence is revoked to take any action to protect the interest of its clients.
; (5) directors, management executives and major shareholders with no prohibited characteristics approved by SEC; (6) no conflicts of interest between other operations and digital asset business with
Facts appeared to the SEC that Zipmex, a licensed digital asset exchange and broker for cryptocurrencies and digital tokens under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018
which may affect the rights and interest of digital asset holders or investment decision-making. Any entity wishing to operate a digital asset business must obtain an approval from the Minister of
Zipmex to act in the best interest of its clients and in readiness for facilitating their asset withdrawal transactions. In this connection, to keep Zipmex’s investors updated and accurately informed about
The proposed revisions aim to allow digital asset business operators to provide derivatives services referencing digital assets* without the need to establish new legal entities. They also seek to
During April – May 2023, the SEC conducted a public hearing to seek comments and suggestions on the proposal to amend the regulations governing the optional systems of digital asset business
business operators and their clients may agree on an interest rate not exceeding the actual rate the business operators receive from the commercial bank(s). In case of digital assets, seeking benefits for
have expressed interest and discussed with SEC the possibility of offering the services. These securities firms can provide advice on attractive digital assets for investment to customers and invest