Siam Commercial Bank invested $537 million to buy into Bitkub, with the CEO saying that the purchase was based on the growth in the sector over the past two years.
Bitkub exchange will now have to address five key areas as outlined by the watchdog, including integrating a system that’s better suited to handling spikes in trading volume.
The Thai Securities and Exchange Commission has ordered Bitkub to improve its technical infrastructure after an unacceptable level of trading outages.
The Thai SEC has approved crypto exchange Zipmex to operate in the country, becoming one of just a handful of crypto exchanges licensed in the Asian nation
The SEC wants to make the regulations even better so as to promote the growth of the crypto industry.