SCBX terminated the nearly $500 million acquisition deal with Bitkub, citing the latter's regulatory problems.
Thailand’s SCBX Abandons Plans to Acquire Crypto Platfrom BitkubSCBX terminated the nearly $500 million acquisition deal with Bitkub, citing the latter’s regulatory problems.
The financial institution said the exchange needs to solve its regulatory issues before going back to the table.plans to acquire a majority stake in the platform for 17.85 billion baht . However, its decision is not final, and a possible deal might see the light of day, assuming the exchange fixes its problems with domestic watchdogs.
The monetary entity said it stays committed to expanding its business operations into the blockchain and cryptocurrency field.
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