2022 has proven to be a regulatory disaster for Thailand’s largest crypto exchange It has faced multiple enforcement actions and fines worth thousands of dollars The fine will be used to reimburse the...
Tag: Bitkub
Thai SEC to Prosecute Bitkub and Four Others in Alleged Wash Trading Case
Thailand’s Securities and Exchange Commission (SEC) has accused Bitkub, the country’s largest cryptocurrency exchange, and four other offenders of their alleged involvement in wash trading. The indivi...
Thai SEC Sues Bitkub Crypto Exchange For Alleged Wash Trade
Thailand was the first in Southeast Asia to implement digital-assets regulations in 2018. The move attracted investors to cryptocurrencies. After that, however, the crypto industry started facing setb...
Thailand’s Bitkub in market regulator’s crosshairs, yet again
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 i...
Thailand SEC Imposes Fine on Crypto Exchange Bitkub
12 seconds ago | 2 mins read Exchange News The Thai SEC had already issued punishment prior to these new court requests. The SEC has accused the trio of wash trading. Once again, the Thai Securities a...
Thailand’s SEC to take legal action against Crypto exchange Bitkub and two individuals
This is the second charge against Bitkub this year SEC is cracking down on exchanges with massive fines Two individuals associated with the Satang exchange also fined SEC accuses individuals and Bitku...
Bitkub CTO Committed Insider Trading – Thai SEC
Thailand’s SEC announced enforcement actions against Bitkub KUB Price at the time of writing – $1.27 Wajanasathian still has to sign a memorandum of consent – Thai SEC Thailand’s Securities and Excha...
Thai SEC Fines Bitkub CTO $200,000 for Insider Trading
The Chief Technology Officer of Thai crypto exchange Bitkub has been fined for insider trading, the country’s securities regulator has said. Samrong Wachanasathien was ordered to pay a fine of around ...
Thai SEC alleges Bitkub CTO committed insider trading
Thailand’s Securities and Exchange Commission, or SEC, announced enforcement actions against the chief technology officer of crypto exchange Bitkub, who allegedly used insider information around the p...
BitKub CTO Fined by Thai SEC For Insider Trading Offenses
Samret Wajanasathian, the Chief Technology Officer (CTO) of BitKub, has been fined by the Thai Securities and Exchange Commission (SEC) in a rare insider trading case in the local cryptocurrency ecosy...
Thailand SEC Charges Bitkub Exchange’s CTO of Insider Trading
5 hours ago | 2 mins read Exchange News Bitkub’s CTO Samret Wajanasathian was penalized 8,530,383 baht (about $234,000). The announcement caused a 101% increase in the price of KUB. Enforcement proced...
Thai SEC Fines Bitkub Executive $235K for Insider Trading
The insider-trading case stems from an incident from last November, when the SCB acquisition plan was first announced. According to the SEC, Wajanasathian – armed with this information – bought 1.99 m...
Thailand’s SCBX Bank Canceled Acquisition of Bitkub Exchange
Bitcoin News The exchange needs to resolve issues with domestic watchdogs. It was the first bank in the region when it opened in 1904. Formerly known as Siam Commercial Bank, SCBX Pcl abandoned its pl...
Thailand Banking Giant Pulls Plug on Bitkub Acquisition Deal – crypto.news
Thailand’s oldest bank Siam Bank Commercial (SCB) has decided to end plans to acquire a stake in the country’s leading cryptocurrency exchange Bitkub, citing pending regulatory issues. SCBx Ends Share...
Thai’s SCBX Drop the Plan to Acquire Crypto Exchange Bitkub
SCBX, dropped the plan of becoming a major shareholder of crypto exchange, Bitkub. It stated the concern with Bitkub as “resolving various issues.” Siam Commercial Bank (SCBX) is one of th...
Thailand’s SCBX Abandons Plans to Acquire Crypto Platfrom Bitkub
SCBX Pcl – formerly known as Siam Commercial Bank – withdrew its intentions to purchase a 51% stake in the crypto asset firm Bitkub for $500 million. The financial institution said the exchange needs ...
Thailand’s Commercial Bank SCB Terminates Deal to Acquire BitKub Crypto Exchange
Siam Commercial Bank (SCB), the oldest commercial banking institution in Thailand, has announced the effective termination of its proposed deal to acquire the BitKub exchange. According to the press r...
Thailand’s SCB Scraps Bitkub Takeover Deal Citing Regulatory Issues
Thailand’s oldest lender has pulled out of a $500 million deal to buy cryptocurrency exchange Bitkub, which had been delayed since July. According to Reuters, SCBX, the parent company of Siam Commerci...
Siam Bank Terminates Stake Acquisition Deal With Crypto Exchange Bitkub
Thailand’s oldest bank, Siam Commercial Bank (SCBX), will no longer follow through with its plans to acquire a 51% stake (over $500 million) in local crypto exchange Bitkub. Coinfomania reported last ...
SCB Delays Acquisition of Bitkub Due To Strict Crypto Rules
SCB wanted to have 51% shares in Bitkub Strict crypto rules are unfriendly to the crypto market- Nares Laopannarai The parent company of Siam Commercial Bank wanted to have mass shares in Bitkub but h...
Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules – Exchanges Bitcoin News
The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening cryp...
Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules – Coinotizia
The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening cryp...
Strict Thai crypto regulation causes SCB to delay Bitkub acquisition
Thailand’s oldest bank is unable to acquire the country’s largest local cryptocurrency exchange due to stringent crypto regulations. As reported by Cointelegraph in November 2021, SCB X Group, a subsi...
Crypto Exchanges Have a Collective Responsibility to Educate Investors, Bitkub CEO Says
As part of collective responsibility, cryptocurrency exchanges should take up the mantle of enhancing financial knowledge about digital assets so that investors are aware of downside factors, says Top...
Thai exchange Bitkub looking for markets without ‘clear winner’ for crypto expansion
When large crypto exchanges or trading companies make a move towards other regions, it can signal their belief in engaged future users who will boost both crypto adoption and the company’ own performa...
Binance Partners With Thai Billionaire’s Energy Giant To Set Up Crypto Exchange
Changpeng Zhao, CEO of Binance. Wei Leng Tay/Bloomberg Binance, the world’s largest cryptocurrency exchange, has teamed up with Sarath Ratanavadi’s Gulf Energy Development to look into setting up a di...