Coverage of exchange policy, tourism-linked crypto payments, and institutional interest in Web3.
Thailand's SEC has increased its regulatory oversight over the crypto space since the crypto market crash, focusing on protecting traders.
Oluwapelumi Adejumo 2 min read 
Thailand's SEC has accused Zipmex and its CEO Eklarp Yimwilai of failing to submit complete information about transactions and wallets holding customers' asset prior to withdrawal freeze.
The lender, which returned all SOL, XRP and ADA tokens to users over the past week, will allow withdrawal of up to 0.0045 BTC from Aug. 16.
Zipmex said that it is working to recover funds from Babel Finance and has signed a MOU with two investors to fully re-enable withdrawals.
Users affected by Zipmex’s withdrawal freeze were requested to provide feedback to Thailand's SEC, as Zipmex faces a liquidity crisis from exposure to Celsius and Babel Finance.
In a now deleted stated, Zipmex said its exposure to Babel Finance was $48 million while that to Celsius Network was $5 million.
Thailand Secuirites and Exchange Commission (SEC) issued to ban digital assets from being used to pay for goods and services from April 1st.
The findings of a broad global survey of internet users aged 16-64 revealed cryptocurrencies are more than just “catching on.”
Thailand’s government has been forced to cancel its 15% crypto tax regime.
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