The Securities Commission of The Bahamas (SCB) has refuted the claims made by FTX debtors that it had instructed the crypto exchange to mint tokens worth hundreds of millions. In an official statement...
Tag: SCB
SCB 10X opens new web3 collaborative space in Bangkok: Exclusive
SCB 10X — the venture unit within Thailand’s oldest bank group, Siam Commercial Bank (SCB) group — opened a a 10,000-square-foot web3 collaborative space in Bangkok. Called DistrictX, the ...
No Direction for FTX to Prioritize Bahamian Withdrawals; the SCB Denies
Embattling crypto exchange FTX got another strike when trying to ease some issues. The crypto firm tried to prioritize withdrawals for specific clients and under guidance from the Securities Commissio...
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...
Thai Bank SCB Pulls Out of Acquisition of Crypto Exchange…
Thailand’s oldest bank Siam Commercial Bank (SCB) announced that it is abandoning a $500 million deal to acquire cryptocurrency exchange Bitkub. According to a press release, SCB said that it was pull...
Venture Arm of SCB Bank Taps New CEO to Lead Crypto Investments
SCB 10X, the investment arm of one of Thailand’s largest banks, has appointed a new CEO to lead its investments in Web3, DeFi and blockchain tech SCB 10X has so far received “very good support” from t...
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...
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...