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SCB 10X forms an exclusive collaboration with T-POP
21.11.2023
SCB 10X, which is an integral part of SCBX Group, has inked a landmark deal with T-POP Incorporation, a top promoter of pop culture in Thailand, and taken it to the international arena. The joining hands between the two companies will unleash a T-POP metaverse event that will have the popular Thai...
Thailand’s Kasikorn Bank Buys Majority Stake in Satang Crypto Exchange for $103M
30.10.2023
The move continues a trend of Thailand's major traditional financial institutions moving into crypto
Digital Arm of Thailand’s SCBX and Korean Web3 Firm Hashed Ink R&D Partnership
27.9.2023
The partnership comes weeks after KBank, rival of SCBX’s parent, announced a $100 million web3 fund
Stable coin remittance success: Shinhan & SCB TechX on Hedera
31.7.2023
Shinhan Bank, Taiwan, and SCB TechX’s leading financial institution have achieved an impressive demonstration of technological innovation and financial collaboration by publicly completing a PoC pilot on the open-source Hedera network for stablecoin remittances. Let’s explore...
Shinhan Bank and SCB TechX conclude stablecoin remittances on Hedera
19.7.2023
Blockchain technology is gaining traction. Making this evident is the recent incident of Shinhan Bank and SCB TechX successfully completing the stablecoin remittance. The task was achieved on the Hedera Network, which is known for being an open-source public network. Specifically speaking, the task...
Bahamas regulator denies asking crypto exchange FTX to mint new tokens
3.1.2023
Bahamas regulator fights back against being ‘publicly challenged’ by FTX against incorrect calculations of digital assets transferred under its control
FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried
15.12.2022
Court filings show Ryan Salame tipped off the Bahaman securities regulator, telling them that FTX was sending customer funds to Alameda Research
Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies to ‘Protect’ Clients and Creditors
19.11.2022
The Securities Commission of the Bahamas has ordered crypto exchange FTX to transfer its cryptocurrencies to a wallet controlled by the regulator. The “Urgent interim regulatory action was necessary to protect the interests” of FTX’s clients and creditors, said the regulator....
Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX Liquidator
15.11.2022
On Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional liquidator in the FTX investigation. The SCB detailed that “given the magnitude” of the events...
US Sullivan Bank Partners with Bakkt to Enable BTC, ETH Support, SCB Scraps Bitkub Acquisition Plans, LiquidX Takes 70% Stake in Anime Metaverse + More News
25.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: US Sullivan Bank Partners with Bakkt to Enable BTC, ETH Support, SCB Scraps Bitkub Acquisition Plans, LiquidX Takes...
Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules
22.7.2022
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 crypto regulations that limit growth in domestic crypto trading. SCB Postpones...
Strict Thai crypto regulation causes SCB to delay Bitkub acquisition
21.7.2022
SCB X notified the Stock Exchange of Thailand that the Bitkub acquisition is “still undergoing due diligence.”
Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange
3.11.2021
Siam Commercial Bank, one of the largest banks in Thailand, is acquiring a 51% stake in a cryptocurrency exchange. The acquisition will help the bank “create new growth value in the long term amid a new financial world,” said the CEO of the bank. Major Thai Bank Becoming Majority...
Siam Bank Launches $50M Blockchain Fund
9.2.2021
The fund will focus on global early and growth-stage companies that shape the next generation of financial services and digital systems, the venture capital arm of Thailand's oldest bank says
Thailand’s Largest Bank Snubs Ripple – Selects Stellar-based Blockchain for Cross Border Remittances
12.12.2020
In an apparent snub to Ripple, Thailand’s oldest bank, Siam Commercial Bank (SCB) is set to open a new cross border remittances corridor in partnership with Lightnet, a fintech company that uses the Stellar blockchain. SCB says the partnership opens the door for more efficient cross border...
Asian Banks Prepare Crypto Takeoff as Thailand’s SCB Revs DeFi Engines
29.10.2020
Siam Commercial Bank (SCB), one of Thailand’s biggest commercial banks, is set to invest in a local DeFi player through a subsidiary – in a week when banks all over Asia have shaped up to make major moves in the crypto scene.
Per an official announcement from the Thai “ecosystem of cross-chain DeFi...
Major Asian bank issues credit on SCB-backed blockchain
16.9.2020
Blockchain is helping companies from Vietnam and Thailand settle trades more smoothly
SCB Bank Collaborates With Ripple To Launch SCB Easy Mobile App
9.1.2020
Taking pride in being Thailand’s oldest and one of the most leading banking institutions, the Siam Commercial Bank (SCB) has broadcasted the news about the launch of a digitalized mobile application, SCB Easy. The app will be powered by the expertise of the Ripple network and will help...
Ripple (XRP) Price Analysis: Siam Commercial Bank (SCB) Locks Ripple Blockchain, XRP On Hold
24.5.2019
Thailand’s largest commercial bank, Siam Commercial Bank will use Ripple Blockchain Ripple earns traction against SWIFT Siam Commercial Bank (SCB) took to Twitter to announce the integration with Ripple Blockchain. They also mentioned that XRP token would be taken up after the next announcement....