scb – DIGIT INFO

Bahamas regulator denies asking crypto exchange FTX to mint new tokens

DIGIT — Tue, 03 Jan 2023 07:04:48 +0000

Bahamas regulator fights back against being ‘publicly challenged’ by FTX against incorrect calculations of digital assets transferred under its control

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FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried

DIGIT — Thu, 15 Dec 2022 04:34:47 +0000

Court filings show Ryan Salame tipped off the Bahaman securities regulator, telling them that FTX was sending customer funds to Alameda Research.

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Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies to ‘Protect’ Clients and Creditors

DIGIT — Sat, 19 Nov 2022 01:30:17 +0000

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 Takes Action to Seize FTX’s Cryptocurrencies for ‘Safekeeping’ The Securities Commission of […]

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Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX Liquidator

DIGIT — Tue, 15 Nov 2022 17:30:19 +0000

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 surrounding FTX, the Bahamas regulator recognized that it had to “move […]

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Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules

DIGIT — Fri, 22 Jul 2022 04:00:10 +0000

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 Acquisition of Thai Crypto Exchange Bitkub The parent company of Siam Commercial Bank, SCB X, […]

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Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange

DIGIT — Wed, 03 Nov 2021 11:00:46 +0000

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 Shareholder of Cryptocurrency Exchange Thailand’s oldest […]

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Major Asian bank issues credit on SCB-backed blockchain

DIGIT — Wed, 16 Sep 2020 09:49:43 +0000

Blockchain is helping companies from Vietnam and Thailand settle trades more smoothly.

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Bank of Thailand Bans Banks From Cryptocurrency Activities

DIGIT — Wed, 14 Feb 2018 00:55:58 +0000

The Thai central bank has prohibited financial institutions in the country from five key cryptocurrency activities, including banning customers from buying cryptocurrencies with credit cards. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Banks Banned From 5 Crypto Activities The Bank of Thailand (BOT) issued a circular on Monday asking “financial institutions […]

The post Bank of Thailand Bans Banks From Cryptocurrency Activities appeared first on Bitcoin News.

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