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).
The Securities and Exchange Commission (SEC) ordered Bitkub Online to review KUB coin's presence on the exchange after finding it does not meet the regulatory listing requirements and criteria.
A local cryptocurrency industry leader recommends suspending investment in digital assets as he expects the global market to face intense volatility in the near term from rate hikes and monetary policy tightening.
The rapid development of the digital world does not only make life easier for people to communicate, work and run a business, but also opens the door to a new investment frontier digital assets.