HoonSmart.com>>BOT reveals SCB Securities The cancellation of the 51% stake in BitKub Online was a mutual business decision of the two companies, confirming that SCBX has not formally filed full details of its licence. The cancellation of the deal has been notified. Confirm the rules to supervise the bank’s subsidiaries to invest in digital assets not more than 3% of the capital. and must apply for permission to the Bank of Thailand first To take care of the overall risk of the financial system is important.
The Bank of Thailand (BOT) reported that the termination of the share trading transaction in the case of SCB Securities (SCBS) and BitKub Online was a mutual business decision of the two companies.
Mr. Ronnadol Numnonda, Deputy Governor, Financial Institutions Stability Bank of Thailand (BOT) revealed the case of SCB Securities. To enter into a 51% stake purchase agreement in BitKub Online, SCB X (SCB) has not officially submitted the complete details of the request to the BOT and the BOT has been notified. regarding the cancellation of the said deal.
In overseeing this matter, the Bank of Thailand attaches great importance to the development of innovations in the financial sector. Along with ensuring the overall stability and stability of the commercial banking business both in terms of good governance Capital adequacy Management of risks and impacts in various fields including taking care of service users
current criteria The Bank of Thailand allows companies within the commercial bank group to invest in businesses that operate digital assets (DA) for not more than 3% of the capital.
(1) Provide opportunities for companies in the commercial banking group to have flexibility in investing in order to bring innovations to serve customers more efficiently.
(2) Allow the domestic DA business to expand gradually. to limit new risks that may affect the confidence of commercial banks
(3) Encourage the group of commercial banks to carefully consider investments or allocate resources. All of which will ultimately benefit the users and the innovation development of the Thai financial sector.
However, a group of commercial banks who wish to have a subsidiary to do business related to DA must apply for a license to the BOT first. The above criteria are not intended to handle the risks of any particular deal. But it is important to take care of the overall risk of the financial system.
