Thai lender SCB delays investment in crypto exchange Bitkub
The deal was initially expected to complete by Q1 2022.
Source: dealstreetasia.com
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The deal was initially expected to complete by Q1 2022.
On June 30, an announcement was made on the Bitkub Facebook fan page or “Bitkub Exchange” which is managed by Bitkub Online Co., Ltd. regarding a fine penalty from the Securities and Exchange Commission of Thailand (SEC) due to a fabrication of digital asset trading volume on the exchange.
Binance's entry into the Thai digital asset industry should increase competition, decrease trading fees and encourage productivity and improvements in service quality, according to leading market participants.