cryptoupdate
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Kasikornbank Acquires Stake in Thai Crypto Business Satang
One of Thailand's largest banks, Kasikornbank is acquiring a 97% stake in Satang, a local cryptocurrency business, for around $103 million. The move is part of the bank's foray into the cryptocurrency industry.A major player in Thailand's crypto sector, Satang will rebrand as Orbix Trade Company Limited. The investment will permit Kasikornbank to establish divisions for custody, investment, and blockchain technology.
