Asian Banks Prepare Crypto Takeoff as Thailand's SCB Revs DeFi Engines

Siam Commercial Bank (SCB), one of Thailand's biggest commercial banks, is set to partner/collaborate with a local DeFi player through a subsidiary - in a week when banks all over Asia have shaped up to make major moves in the crypto scene. (Updated at 13:28 UTC: the first sentence was corrected to clarify that SCB is set to collaborate, not invest in a local DeFi