Crypto Exchange Zipmex Probed by Thai SEC Amid Buyout

Crypto exchange Zipmex probed by Thai SEC amid buyout.

According to the Thai SEC, Zipmex has until Jan. 12 to clarify whether it has been functioning as a "digital-asset fund manager without permission" in Thailand. If true, the firm would have needed to obtain a permit prior to conducting business in the country.

Zipmex is currently in the process of being acquired by V Ventures, a subsidiary of Thoresen Thai Agencies Pcl, for around $100 million.