Tag: zipmex

Sep 15 2022

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

Sep 01 2022

Indonesia Likely To Have Crypto Stock Market By End Of 2022

Sep 01 2022 Published at Coingape under tags  cryptocurrency crypto exchange news zipmex

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...

Aug 27 2022

Crypto Exchange Zipmex Meets Thai Regulators To Discuss Next Steps Of Recovery

Aug 27 2022 Published at Bitcoinist.com under tags  btcusd btcusdt crypto news zipmex

Crypto exchange Zipmex has planned to meet with the Thailand Securities Exchange Commission along with other regulators to discuss the recovery plan. Zipmex had recently submitted a letter which will request to schedule meetings with the security regulators. This meeting shall also include the crypto firm's...

Aug 26 2022

Zipmex Activates Recovery Plan, Restructuring Firm Helps

Aug 26 2022 Published at Coinscreed under tags  crypto crypto exchange news zipmex

Zipmex has hired KordaMentha as its financial adviser to oversee a plan to get back on its feet. After having to stop withdrawals and file for protection from creditors in July, Singapore-based cryptocurrency exchange Zipmex hired a restructuring firm to help with a plan to get back on its feet. The exchange said on its […] The post Zipmex...

Zipmex wants to meet with Thai officials for “recovery strategy”

Aug 26 2022 Published at Coinscreed under tags  news thai sec zipmex

According to the company, the discussions would also involve representatives from Zipmex, Thailand's SEC, and other governmental organizations. To discuss the company's "recovery strategy," Zipmex has asked to meet with the Securities Exchange Commission of Thailand (SEC) and other regulators. In a statement released on August 25, Zipmex stated that it has sent a letter […] The post...

Aug 22 2022

Crypto Exchange CEO Refuses To Step Down After $73 Million Loss

Crypto exchange Zipmex founder Marcus Lim has stated that he will continue to oversee the troubled firm unless its new shareholders ask him to step down. In fact, shareholders and potential investors are urging that Lim resign, blaming his leadership decisions that led to a severe liquidity shortage, while Zipmex has been handed a three-month reprieve to turn things around. Last week, Singapore's...

Zipmex Co-Founder Says He Will Not Resign

Zipmex co-founder Marcus Lim has said that he will not resign from his position. One minority shareholder had called for his resignation. Zipmex is currently carrying out several strategies to better its financial position and has filed for bankruptcy protection. Marcus Lim, the co-founder of exchange Zipmex, has said that he will not resign. The exchange is suffering from the losses it experienced...

CEO of Zipmex refuses to resign despite company’s problems

Aug 22 2022 Published at Coinscreed under tags  news zipmex

Only until customers have received a complete refund will Zipmex CEO Marcus Lim and Co-Founder Akalarp Yimwilai resign. Marcus Lim, the founder, and CEO of the Thai-based cryptocurrency platform Zipmex, declared he would continue to lead the business unless the company's new big owners forced him to step down. Last month, the company stopped allowing […] The post...

Aug 16 2022

Crypto Exchange Zipmex Granted Three Month Creditor Protection From Singapore Court

Crypto Exchange Zipmex has just received a moratorium extension from Singapore High Court. At the moment, Zipmex has more than three months of creditor protection. This will give the crypto exchange some more time so that they could devise the next steps of their funding plan. Zipmex had filed for bankruptcy protection and had also suspended its withdrawals at the beginning of July....

Aug 11 2022

Zipmex Restores Limited Ethereum Withdrawals

Aug 11 2022 Published at Crypto Briefing under tags  news zipmex

Zipmex, a recently insolvent crypto exchange, has partially restored users' ability to access their ETH balance, but only to a point. Zipmex Partially Opens Withdrawals ETH holders on Zipmex can...

Zipmex Opens Crypto Withdrawals After Pausing Due To Volatile Markets

Aug 11 2022 Published at Bitcoinist.com under tags  bankruptcy bitcoin btcusdt ethereum zipmex

The recent crypto winter plunged some crypto firms into insolvency. Also, the collapse of Terra algorithmic stablecoin and its native token, LUNA, aided the devastating effect of the bearish trend. As a result, almost all the assets in the crypto space experienced a massive decline in their prices and values. The overall events brought billions of dollars on the part of investors. Though...

Aug 04 2022

Crypto Exchange Zipmex Resumes Certain Altcoin Withdrawals

Aug 04 2022 Published at Bitcoinist.com under tags  btcusd btcusdt crypto news zipmex

Crypto exchange Zipmex has now resumed withdrawals for a few altcoins apart from Bitcoin and Ethereum. So far, there are no updates about Bitcoin and Ethereum withdrawals. The halt in withdrawals on Zipmex happened after the two other exchanges Babel and Celsius froze withdrawals. The crypto exchange has now started to allow users to withdraw some token from their trading accounts. Zipmex has...

Aug 02 2022

Zipmex Will Enable Withdrawals for SOL, XRP, and ADA

Aug 02 2022 Published at Crypto Briefing under tags  liquidity news zipmex

Zipmex, the Thailand-based exchange that recently closed withdrawals, has re- enabled withdrawals for certain altcoins. Zipmex Has Partially Enabled Withdrawals Zipmex is set to let its users withdraw certain tokens. In...

Jul 29 2022

Crypto Exchange Zipmex Goes Bankrupt – Who’s Next To Fall?

After weeks of rumors, cryptocurrency exchange Zipmex said that it had filed for bankruptcy protection in Singapore in response to mounting legal threats from creditors. The Thailand-based crypto exchange is reported to have more than $50 million in exposure to Babel Finance and Celsius, crypto lenders that have severely been battered from the turmoil plaguing the crypto markets. Babel halted withdrawals at the...

Jul 25 2022

Breaking: Thailand Regulator To Investigate Losses Faced By Zipmex Users

Jul 25 2022 Published at Coingape under tags  news thailand sec zipmex

Zipmex, a cryptocurrency exchange that mainly operates in Southeast Asian nations recently halted its withdrawals affecting many investors. However, Thailand’s Securities and Exchange Commission has launched an investigation into this matter. Watchdog to take feedback from affected users According to a report by Reuters, Thailand’s regulator and law enforcement have begun their inquiry seeking the...

Jul 21 2022

Zipmex Outlines Plan to Allow Some Customer Withdrawals

Jul 21 2022 Published at Crypto Briefing under tags  business zipmex

The exchange added that it was exploring all available channels including fundraising, legal action, and restructuring in a Thursday statement. Zipmex Shares Update Amid Crisis Zipmex has thrown its customers...

Singapore-based Zipmex exchange Halts Withdrawals, Has Exposure to Celsius and Babel

As the crypto winter draws upon, Singapore-based crypto exchange Zipmex becomes the latest to halt withdrawals on the platform. The cryptocurrency exchange also has major operations in Thailand. Zipmex (Thailand) chief executive Akalarp Yimwilai, said that Zipmex has to succumb to financial difficulties owing to its exposure to troubled crypto lenders like Celsius Networks and...

Jul 20 2022

Winter Came For House Zipmex: Exchange Becomes Latest To Halt Withdrawals

Jul 20 2022 Published at Bitcoinist.com under tags  celcius crypto news vauld zipmex

The Singapore-based cryptocurrency exchange Zipmex is the most recent in a line of crypto businesses to halt user withdrawals and transactions "until further notice." Zipmex Halts Customer Withdrawals In light of the unstable market conditions, the cryptocurrency exchange Zipmex on Wednesday suspended users from withdrawing their cryptocurrencies. The exchange announced the decision on...

Crypto Exchange Zipmex Freezes Customer Withdrawals

Jul 20 2022 Published at Crypto Briefing under tags  business zipmex

Zipmex announced the update in a Wednesday tweet, saying withdrawals would be paused until further notice. Zipmex Pauses Customer Withdrawals Zipmex has become the latest cryptocurrency firm to resort to...

Jan 07 2022

Crypto traders to pay 15% of their gains as tax in Thailand

Jan 07 2022 Published at CryptoSlate under tags  bitkub crypto tax taxes thailand zipmex

The Republic of Thailand has broken the news that crypto traders in the country will now have to pay a capital gain tax of 15%, on all of their crypto trades. Thailand introduces new crypto tax law On January 6th, the Bangkok Post disclosed that the Thailand Finance Ministry reported that players in the crypto industry such as investors and mining...

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