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Siam Commercial Bank abandons plans to purchase $500M stake in crypto exchange Bitkub

10:59am, 25th August, 2022

Siam Commercial Bank abandons plans to purchase $500M stake in crypto exchange Bitkub

The bank cited concerns with Bitkub “resolving various issues,” according to recommendations from the country’s Securities and Exchange Commission without a definite timeline.

Siam Commercial Bank purchases 51% stake in crypto exchange Bitkub

11:17am, 2nd November, 2021

Siam Commercial Bank purchases 51% stake in crypto exchange Bitkub

CEO Arthit Nanthawittaya said the acquisition was based on the growth of businesses in the digital asset space over the last 2 years and the expected value in the long term.

DeFi cannot be fully regulated, Siam Commercial Bank president says

5:48am, 26th July, 2021

DeFi cannot be fully regulated, Siam Commercial Bank president says

Dr. Arak Sutivong, CEO of SCB 10X, believes DeFi requires a framework for long-term and sustainable interactions with traditional finance.

DeFi industry draws in commercial banks? Siam bets with $110M fund

5:26am, 24th July, 2021

DeFi industry draws in commercial banks? Siam bets with $110M fund

Thailand’s oldest bank sees blockchain and DeFi as the future of global finance and is seeking to invest in the emerging digital landscape.