What are the reasons behind the Thai lender SCBX scrapping its crypto exchange?

3 answers

• SRI PARASURAM T R MECHOct 08, 2023 · 2 years ago
  The Thai lender SCBX made the decision to shut down its crypto exchange due to regulatory concerns. The government has been tightening regulations on cryptocurrency exchanges, and SCBX likely found it difficult to comply with the new rules. This move is not surprising considering the increasing scrutiny on the cryptocurrency industry in Thailand.
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• SahanaOct 25, 2020 · 5 years ago
  It seems that SCBX's crypto exchange wasn't performing as well as expected. The lack of sufficient trading volume and user activity may have led to the decision to scrap the exchange. It's possible that SCBX saw better opportunities in other areas of their business and decided to allocate resources accordingly.
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• Abdullah HosnyNov 29, 2023 · 2 years ago
  As an expert in the field, I can say that SCBX's decision to shut down its crypto exchange is a smart move. The cryptocurrency market is highly volatile and risky, and running an exchange requires significant resources and expertise. It's important for companies to evaluate the potential risks and rewards before entering or continuing in the crypto space. By focusing on their core business, SCBX can ensure long-term stability and growth.
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