The Thai Securities and Exchange Commission (SEC) has issued a directive to Zipmex, instructing the cryptocurrency exchange to halt its operations as a digital asset trading and brokerage platform for the time being.

This action is part of the regulator's efforts to address concerns within the firm, requiring Zipmex to undertake modifications in its management architecture and enhance its financial standing.

This development signals the SEC's intensified scrutiny and regulatory measures aimed at ensuring the stability and integrity of the digital asset marketplace in Thailand.