After last week’s historic approval of Spot Bitcoin ETFs (Exchange Traded Funds) by the US Securities and Exchange Commission (SEC), investors worldwide wonder about the possibility of this financial product launching in their countries. A local source released a report on January 17 stating that Thailand’s SEC has rejected the trading of ETFs in the […]
Zipmex, a Thai crypto exchange currently facing financial distress, has proposed a restructuring plan that includes paying its creditors a fraction of their original claims. According to Bloomberg, the exchange is offering its creditors “about 3.35 cents” on the dollar of their initial claims. This offer forms a key part of the company’s restructuring strategy […]