After the government of El Salvador accepts Bitcoin as their legal tender, then there are much other positive news that enlivens crypto exchanges around the world, one of which is the approval of the Bitcoin ETF by the SEC,
Governments and investment regulatory authorities have slowly begun to understand the meaning of crypto which is not as bad as they previously thought.
Today, in Thailand, the country's oldest bank has acquired a majority stake in the country's crypto exchange. What really intrigues me is why commercial banks acquire crypto exchanges? If the reason is purely business profits that have been analyzed previously, that's a common thing. But are they sure about the decision? The level of security that is very vulnerable by hackers and the highly volatile crypto market, is it in line with their core business which prioritizes stability?
The challenge is after the acquisition, the exchange experienced a bug problem until it was closed 5 days at the decision of the SEC of its country.
What do you think?
Source: https://www.coindesk.com/business/2021/11/02/thailands-oldest-bank-acquires-majority-stake-in-countrys-largest-crypto-exchange/
Topic: The Largest Crypto Exchanger in Thailand has been acquired by Commercial Bank - page 3. (Read 302 times)
November 02, 2021, 10:35:04 AM
Jump to: