Crypto’s Zipmex Suspends Thai Operations Over Net Capital Level

Crypto platform Zipmex (Thailand) suspended trading and depositing of assets after failing to meet required net capital levels.

• The company said in a statement on its Facebook page that it was ordered to stop those transactions from 1 p.m. on Nov. 25
• Zipmex (Thailand) was found to have insufficient net capital as part of liquidity monitoring, Thailand’s Securities and Exchange Commission said in a separate statement on Nov. 25
  • The firm must halt business operations until net capital returns to the required level, and a plan to rectify the situation must be presented to the Thai SEC, according to the ...