Thai Bank Acquires 97% Stake in Bitcoin and Crypto Exchange

In a strategic move that solidifies its presence in the cryptocurrency sector, Thailand's Kasikorn Bank has announced the acquisition of a 97% stake in Satang Corporation Company Limited, the parent company of the Satang cryptocurrency exchange. The deal, valued at 3.705 billion Thai baht ($102.8 million), was conducted through a newly formed Kasikorn Bank subsidiary called Unita Capital, specifically created…