{"id":574611,"date":"2022-08-26T17:28:14","date_gmt":"2022-08-26T16:28:14","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=574611"},"modified":"2022-08-26T17:28:26","modified_gmt":"2022-08-26T16:28:26","slug":"crypto-exchange-zipmex-seeks-a-meeting-with-regulators-to-introduce-potential-investors","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/crypto-exchange-zipmex-seeks-a-meeting-with-regulators-to-introduce-potential-investors\/","title":{"rendered":"Crypto Exchange Zipmex Seeks A Meeting With Regulators To Introduce Potential Investors"},"content":{"rendered":"\n
Troubled crypto exchange Zipmex has issued a new announcement<\/a> adding that the exchange is in “advanced stages of negotiations with potential investors to finalize the commercial terms of the investment. ” <\/p>\n\n\n\n The exchange said that it’s actively seeking a meeting with Thailand’s Securities and Exchange Commission to introduce its potential investors and draft a proper recovery plan. <\/p>\n\n\n\n Zipmex Requests A Meeting With Thailand Securities and Exchange Commission.<\/strong> <\/p>\n\n\n\n Zipmex, the Thailand-based crypto exchange which had halted its withdrawals earlier, is now back with an alternate plan. The exchange is currently engaged in talks with potential investors, and is in “advanced stages of negotiations,” per its updated statement. <\/p>\n\n\n\n The exchange had earlier halted its withdrawals citing “volatile market conditions \u00a0and the resulting financial difficulties of our key business partners.” Zipmex had later sought<\/a> three-month creditor protection in Singapore to formulate an effective recovery plan.\u00a0<\/p>\n\n\n\n In its newly released statement, Zipmex adds that the firm is currently in its advanced stages of negotiation to finalize the commercial terms of the investment and is seeking a meeting with Thailand Securities and Exchange Commission to move ahead with the plan by introducing its potential investors with the regulators. <\/p>\n\n\n\n “We have requested a meeting with Thailand\u2019s Securities Exchange Commission to introduce our potential investors and present our recovery plan if the investment is agreed upon and consummated.” the statement reads\u00a0<\/p><\/blockquote>\n\n\n\n The statement further issues an update on Zipmex’s fundraising adding that from all the three MOUs signed by three investors, Zipmex is currently in”advanced stages” of negotiations with two of these investors “<\/p>\n\n\n\n “For the update on fundraising, from all the three MOUs signed by three investors within one last month, Zipmex is in advanced stages of negotiations to finalize the commercial terms with two of these investors before an agreement is concluded. The investors we have been in discussions with fully understand our potential and share our vision and mission of developing the digital economy in Thailand and Southeast Asia.” the statement adds <\/p>\n\n\n\n