Thailand’s oldest bank recently paid Rs 4,000 crore for a substantial stake in a bitcoin exchange.

While the world argues whether cryptocurrencies are the appropriate path ahead, large financial institutions have begun to invest in them. The most recent, and probably most significant, example is a deal between Siam Commercial Bank and Bitkub. For a total of 17.85 billion Thai baht (about $536 million), has purchased a 51 percent share in … Read more

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