"According to the process specified by law. If the digital asset business operator is unable to comply with the SEC's orders [...] within the specified period, the SEC may propose that the Minister of Finance consider revoking the order," said SEC Deputy Secretary General Anek Yuyuen. Related: Thailand opens doors to retail investments in infrastructure-backed digital tokens Zipmex has been under regulatory scrutiny from the SEC since 2023, following the crypto market downturn. The exchange reportedly faced a probe over an acquisition by V Ventures and whether it had been operating in Thailand without regulatory approval.