Singapore’s DBS Bank Opens Crypto Trading To ‘Accredited’ Investors

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DBS Group Holdings Ltd. opened its cryptocurrency trading services on its DDEx digital exchange to another 100,000 of its most affluent clientele. The bank will allow accredited customers with at least $246,000 in investable assets to buy, sell, and trade a few cryptocurrencies, including bitcoin. Crypto traders must invest at least $500. The trading facility … Read more

Coinbase enters the Netherlands with central bank approval

Dozens of Crypto Platforms Affected by SEC Complaint

US-based cryptocurrency exchange Coinbase continues its aggressive expansion into Europe, with the latest regulatory approval from the land of the tulips. Coinbase announcement officially on Thursday (22/09), it received registration from De Nederlandsche Bank (DNB), the central bank of the Netherlands. The regulatory approval allows Coinbase to offer its cryptocurrency products to individuals and institutions … Read more

Central Bank of Bahrain Chooses OpenNode to Test Crypto Payments

Central Bank of Bahrain Chooses OpenNode to Test Crypto Payments

Bitcoin payment processor and cryptocurrency infrastructure provider OpenNode announced on Tuesday that it will test a solution for processing and paying Bitcoin payments through the Central Bank of Bahrain’s regulatory sandbox. The CBB’s Regulatory Sandbox Framework enables FinTech companies to test and experiment with their industry-related ideas and solutions in a more efficient and effective … Read more

DBS Bank Will Embrace Crypto For Its Premium-Tier Clients Amid Market Turmoil

Two regulatory heavyweights join the ranks of Binance and FTX

Famous Singapore bank, DBS, is now planning to expand crypto services to major clients across Asia. The affluent customer base amounts to approximately 300,000 people. This news comes at a time when the crypto market continues to reel under turmoil. Piyush Gupta, the managing director of DBS, however, is of a different view which reflects … Read more

Singapore’s Biggest Bank, DBS, Supports Crypto Despite Market Collapse

Singapores Biggest Bank DBS Supports Crypto Despite Market Collapse

Singapore’s largest bank plans to grow its cryptocurrency and digital asset business despite the crypto bear market, saying it wants to expand its digital exchange and offer services to its more than 300,000 wealthy customers by Asia. Piyush Gupta, managing director of DBS since 2009, said the downturn in the crypto market proved that established … Read more

Bank of Korea allows trading of cryptocurrency ICOs in the country | PortalCrypto

Bank of Korea allows trading of cryptocurrency ICOs in the

After years of banning the domestic issuance of new cryptocurrencies through initial coin offerings (ICOs), the Bank of Korea (BOK) has signaled a change in stance. In this sense, the proposed framework law on digital assets highlights the need to institutionally authorize the local cryptocurrency ICO for digital assets traded as Bitcoin (BTC), according to … Read more

Central Bank of Singapore Probes Crypto Outlets Ahead of Regulation

Central Bank of Singapore Probes Crypto Outlets Ahead of Regulation

The Monetary Authority of Singapore (MAS) is investigating cryptocurrency-related businesses operating in the city-state ahead of a planned regulatory overhaul. MAS has sent a questionnaire to the various applicants and holders of its digital payment license, according to anonymous testimonies Bloomberg sources. After sending out the questions over the past month, the authority said responses … Read more

Thailand’s Oldest Bank Plans To Buy Crypto Exchange Bitkub

Thailands Oldest Bank Plans To Buy Crypto Exchange Bitkub

Thailand’s oldest lender, Siam Commercial Bank, has canceled plans to acquire a 51% majority stake in cryptocurrency exchange Bitkub Online for around 18 billion baht ($500 million). The deal to buy a majority stake in Bitkub has already stalled in due diligence more than 10 months since the offer was first unveiled in November 2011. … Read more

South African Central Bank Now Considers Cryptocurrency A Financial Asset BlockBlog

South African Central Bank Now Considers Cryptocurrency A Financial Asset

The Deputy Governor of the South African Reserve Bank (SARB) recently said that the institution has changed its stance on cryptocurrency and now considers it a financial asset that needs to be regulated as such. The SARB plans to have a cryptocurrency regulatory framework in place by the end of 2023. A safer crypto ecosystem … Read more

Bank of England Analysts See Crypto Playing Big Role in Metaverse – Discuss Need for Regulation Metaverse Bitcoin News

Bank of England Analysts See Crypto Playing Big Role in

Bank of England analysts say crypto assets could play an important role within the metaverse. “Wide adoption of crypto in the metaverse…would require adherence to strong consumer protection and financial stability regulatory frameworks,” they added. Bank of England Analysts on Metaverse, Crypto and Regulation Bank of England economist Owen Lock and political analyst Teresa Cascino … Read more