Kasikorn Bank Buys Crypto Platform Satang for $102.8 Million
Kasikorn Bank, one of Thailand’s largest banks, has bought a majority stake in Satang Corporation, a digital asset exchange and service provider, for $102.8 million. Thailand’s fourth-largest bank, Kasikorn Bank, has made a substantial move in the cryptocurrency realm, acquiring a 97% stake in Satang Corporation Company Limited for 3.705 billion Thai baht ($102.8 million) […]
SCB delays acquisition of Bitkub due to strict Thai crypto regulations
Due to strict cryptocurrency rules, Siam Commercial Bank (SCB) is unable to buy the largest local bitcoin exchange in the nation. A subsidiary of Siam Commercial Bank (SCB), SCB X Group, announced in November 2021 that as part of its strategy to establish itself as a regional fintech, it will buy a 51 percent ownership […]