DBS, the biggest bank in Southeast Asia, has some opinions on Bitcoin and other cryptocurrencies. Digitized cryptocurrency trading was only made available to the company's high-rolling customers as recently as last month. DBS Digital Exchange is a platform for businesses and other organizations interested in entering the cryptocurrency market. You can only buy and sell BTC, BCH, ETH, and XRP on this exchange...
The Monetary Authority of Singapore (MAS) has granted licenses to two companies to offer digital payment token services. The brokerage arm of DBS Bank received formal approval from Singapore’s principal financial regulator to provide crypto services. Australian cryptocurrency exchange Independent Reserve also received the same license under the Payment Services Act. With this, Independent Reserve becomes the first Australian crypto exchange to be...
In hopes to grow its financial products on the DBS Digital Exchange (DDex), Singapore’s DBS Bank just announced its issuance of a $11.3 million digital bond in its security token offering (STO). A security token offering is similar to that of an IPO, in that it’s a type of public...
News of Singapore's biggest bank, DBS, launching a cryptocurrency exchange, rocked the crypto space today. Following the announcement, a spokesperson for the bank confirmed to Altcoin Buzz that DBS was exploring unveiling a digital currency exchange. However, it was noted that this decision was still in progress as the bank has not yet obtained regulatory approval. According to the spokesperson, "DBS’ plans to...
Singapore’s largest bank DBS is planning to launch a digital asset ecosystem. According to a now-deleted webpage, this ecosystem will comprise a digital asset exchange, security token offerings, and digital asset custody solution. The announcement also stated that DBS Digital Exchange will be a bank-backed digital exchange. It will allow companies and investors to leverage solutions that help tap the massive potential of...
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