According to an emailed statement. BCB cited "recent banking market events and macroeconomic changes" as the reason for the cancellation. Instead, BCB will focus on its European strategy by applying for an e-money license in France and catering to the demand for U.S. dollar payments. The initial announcement of BCB's plans to acquire Sutor Bank was made in December 2021, but the specific terms of the deal were not disclosed. (The Block)
Digital asset trading firm BCB Group has cancelled its acquisition of Sutor Bank
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0