Thailand’s Bitkub in market regulator’s crosshairs, yet again

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The Thai Securities and Exchange Commission has reprimanded Thailand’s leading crypto exchange Bitkub for the second time in a thirty-day timespan. New month, new lawsuit The official press release issued by the market regulator outlined the details of the lawsuit filed in a civil court and revealed that the exchange, along with two associated individuals, […]

The Thai Securities and Exchange Commission has reprimanded Thailand’s leading crypto exchange Bitkub for the second time in a thirty-day timespan.issued by the market regulator outlined the details of the lawsuit filed in a civil court and revealed that the exchange, along with two associated individuals, was facing civil sanctions for allegedly engaging in wash trading.

The SEC has also demanded that the offenders pay civil fines of 24,161,292 baht in order to reimburse the expenses incurred by the regulator during the investigation. over a KUB token insider-trading case that came to light. The executive was further barred from holding an executive position for 12 months.Bitkub for failing to comply with the SEC’s digital asset listing rules.

 

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