Thai bank scraps deal to buy Bitcoin exchange as cryptocurrencies loses appeal
Published date: Sat, 27 Aug 2022 10:23:50 +0700
Footage shows the Siam Commercial Bank (SCB) as it emerged that the company was scrapping its deal to buy Thailand's biggest cryptocurrency exchange.
SCB had planned a 17.8 billion baht (490m USD) purchase of a controlling stake in the cryptocurrency platform but pulled out amid claims it needs to 'fix regulatory issues'.