Singapore’s largest bank DBS to offer crypto services to 300,000 investors
DBS Bank CEO Piyush Gupta has affirmed that cryptocurrency services will soon be available to over 300,000 accredited investors in Asia.
Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
BankProv offers banking and crypto solutions to its corporate clients, and it will start to offer escrow accounts to companies who want to raise funding.
Digital Currency Group Founder Barry Silbert suggests that with BlackRock's bitcoin trust, "central banks, now have an easy, safe way to invest in bitcoin"
Wells Fargo, a banking household name, just released a special report stating that digital assets are as innovative as the discovery of electricity.
Pictet's Asia arm CEO Tee Fong Seng said that though cryptocurrencies have potential, now is not the right time for private banks to invest.
Senator Elizabeth Warren is calling on the OCC to work with the Fed and the FDIC in replacing some regulations on crypto custodial services with more consumer-centric approaches.
The ECB believes that a CBDC would be superior for cross border payments versus private cryptocurrencies like Bitcoin.