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Thailand’s fourth-largest bank invests $103m in local crypto exchange

Kasikornbank has acquired $103 million worth of shares of the Satang crypto exchange through its subsidiary Unita Capital. Thailand’s financial giant Kasikornbank (KBank) has bought 97% shares of the local crypto exchange dubbed Satang Pro, Thai newspaper Bangkok Biz News reports. In a regulatory filing, the bank said it had acquired 3.705

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