Explainer: The lowdown on the Zipmex situation

Published by
The Bangkok Post

Analysts have commented on the implications on investor confidence and markets following Thailand’s major digital asset exchange platform Zipmex’s announcement of a memorandum of understanding (MoU) with interested parties. Q: What is happening with Zipmex? Thailand’s leading digital asset exchange Zipmex announced on July 25 via Facebook Live at 7pm that it had signed an MoU with interested parties. This means that the platform can now commence the due diligence process. “As of July 24, 2022, an MoU has been signed. This represents significant progress and due diligence has commenced. The tim…

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