Zipmex, a cryptocurrency exchange platform, has received regulatory approval from authorities in Thailand. The firm has now added Thailand to a list of countries it already operates in, including Australia, Indonesia and Singapore.
The license was granted to the crypto exchange by Thailand’s Ministry of Finance as well as the Securities and Exchange Commission (SEC). Zipmex today, is one of the biggest digital asset exchanges in the entire Asia Pacific region. A Cryptopolitan report has it that within 30 days of its launch in Indonesia, the platform had pulled in trades of sixty-seven billion Indonesian Rupiah, which is over 4.9 million USD.
Former Chairman of Thailand’s Stock Exchange and member of Zipmex advisory board Dr. Sahit Limpongpan, has expressed his happiness at the response from Thailand’s financial authorities. He said:
“Digital currencies and securities are emerging asset classes for both the banked and unbanked. It is an interesting time in our financial history, and I’m glad Thai regulators are working with exchanges to build regulatory frameworks for these new technologies to operate within.”
In November 2019, Kryptomoney reported that Thailand’s SEC was working hard to change its royal decree on the crypto industry. The government was noted to be very pressed on encouraging the growth and development of the sector.
Image Credits: Pixabay
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