Siam Commercial Bank (SCB) has scrapped a 17.8-billion-baht deal to buy a controlling stake in Bitkub Online, saying the country’s biggest digital asset exchange needs time to fix regulatory issues.
“Bitkub is currently in the process of resolving various issues as per the recommendations and orders of the Securities and Exchange Commission, which are uncertain in terms of time frame in resolving those issues,” SCB X Plc, the holding company for the bank, said in a statement issued to the Stock Exchange of Thailand on Thursday.
