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Zipmex Thailand Counters SEC Allegations, Closes Old Features

Zipmex Thailand Counters SEC Allegations, Closes Old Features

MGR Online•Economy•6h ago

Reader Briefing

Zipmex Thailand Reaffirms Compliance Amidst SEC Scrutiny, Citing Deactivation of Disputed Features

  • •Zipmex Thailand issued a statement to counter allegations from the Thai SEC regarding its Crypto Dust and Freedom Card services.
  • •Zipmex Thailand asserts that the disputed features, Crypto Dust and Freedom Card, were deactivated in 2024.
  • •The company maintains it always operated as a broker, forwarding all customer orders to external exchanges and never as a direct dealer.
  • •Zipmex Thailand confirms its core services, including KYC, trading, and deposits/withdrawals, remain fully operational.

Overview

  • •Zipmex Thailand issued a statement to counter the SEC's findings regarding Crypto Dust and Freedom Card services.
  • •Zipmex Thailand stated that the disputed features were deactivated as of 2024.
  • •Zipmex Thailand emphasized it has never operated as a Dealer, always forwarding customer orders to external exchanges.
  • •The SEC identified Crypto Dust service as direct digital asset exchange with retail customers, charging fees.
  • •The SEC also noted the Freedom Card service, a collaboration with FreedomVerse, involved purchasing digital assets for cash to fund the card.
  • •Zipmex Thailand clarified Crypto Dust was for managing small asset balances and used only as a fee discount, not for profit.
  • •Zipmex Thailand explained Freedom Card transactions were processed via its Fiat Wallet and through licensed E-money providers after asset conversion.
  • •Zipmex Thailand confirmed its core services, including KYC, trading, and fiat transactions, are fully operational and verifiable externally.

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Key Quotes

Zipmex Thailand
"Confirming the said features were deactivated since 2024, stating it never operated as a Dealer and all customer orders were always forwarded to external exchanges."
ยืนยันฟีเจอร์ดังกล่าวถูกปิดใช้งานตั้งแต่ปี 2024 พร้อมระบุว่าไม่เคยดำเนินการในฐานะผู้ค้า (Dealer) และคำสั่งลูกค้าทุกรายการถูกส่งต่อไปยังศูนย์ซื้อขายภายนอกเสมอ
Zipmex Thailand
"This service was designed to facilitate customers in managing small remaining digital asset balances in accounts, termed 'dust', usable only as a fee discount on the platform."
บริการนี้ถูกออกแบบมาเพื่ออำนวยความสะดวกแก่ลูกค้าในการบริหารจัดการยอดสินทรัพย์ดิจิทัลคงเหลือขนาดเล็กในบัญชี หรือที่เรียกว่า "dust" โดยสามารถนำสินทรัพย์ส่วนนี้ไปใช้เป็นส่วนลดค่าธรรมเนียมบนแพลตฟอร์มได้เท่านั้น
Zipmex Thailand
"This connection is processed via Zipmex Thailand's Fiat Wallet, requiring customers to convert digital assets to Thai Baht through the platform first."
การเชื่อมต่อดังกล่าวดำเนินการผ่านกระเป๋าเงินบาท (Fiat Wallet) ของบิทาซซ่า ไทยแลนด์ โดยลูกค้าจะต้องแปลงสินทรัพย์ดิจิทัลเป็นเงินบาทผ่านแพลตฟอร์มตามกระบวนการปกติก่อน

Key Entities

Organization

Zipmex Thailand(บิทาซซ่า ไทยแลนด์)
A digital asset broker that is responding to allegations from the Thai SEC regarding specific services.
SEC (Securities and Exchange Commission)(สำนักงาน ก.ล.ต.)ℹ️
The regulatory body that conducted an investigation into Zipmex Thailand's services.
FreedomVerse
A partner organization that collaborated with Zipmex Thailand on the Freedom Card service.

Service/Product

Crypto Dust
A feature offered by Zipmex Thailand that allowed customers to use small remaining digital asset balances as a fee discount, which the SEC investigated.
Freedom Card
A co-branded product with FreedomVerse that allegedly allowed users to exchange digital assets for cash to load onto the card, investigated by the SEC.