Bloomberg: Siam Commercial Bank's acquisition of crypto trading platform Bitkub may be delayed

Thailand's Siam Commercial Bank said last week that the acquisition may be delayed due to ongoing discussions with regulators and pending due diligence on crypto trading platform Bitkub. The announcement did not give a new deadline for the deal to close. BlockBeats previously reported that on November 2, 2021, cryptocurrency exchange platform Bitkub announced that Thailand's Siam Commercial Bank would acquire a 51% stake in it for 17.85 billion baht ($537 million).