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Bangkok Post
Bangkok Post
Business

SCB X scraps Bitkub investment plan

Bitkub SCB X KUB SCB SEC Crypto SET Jirayut Srupsrisopa
Representations of cryptocurrencies are illustrated on Jan 24, 2022. (Photo: Reuters)

SCB X Group's planned investment in Bitkub Capital Group Holdings' crypto exchange has been cancelled, amid uncertainty over Bitkub's settlement of regulatory issues with the Securities and Exchange Commission (SEC).

SCB X's share price on Thursday surged 5.74% to close at 110.50 baht, while the price of KUB coin, issued by Bitkub, fluctuated between 43-75 baht.

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