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Singapore's central bank brought crypto businesses under a new regulatory framework that came into effect in January 2020.   | Photo Credit: Reuters

Singapore's DBS Group expects to double the number of members on its new platform for cryptocurrency trading to 1,000 by end-December and grow this by 20-30% annually for the next three years as digital tokens gain acceptability.,football player ranking

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free cricket betting tips uk,In an interview, DBS's senior executives said DBS Digital Exchange, set up in December as a members-only bourse, is seeing robust demand from corporate investors, accredited individuals and investment firms that manage the fortunes of wealthy families.

football club names in india,"We are growing very rapidly. Investors are gradually exploring cryptocurrencies and digital assets," said Eng-KwokSeat Moey, head of capital markets at DBS, Southeast Asia's largest bank by assets, and chairperson of the exchange.

bet365 cricket online betting,DBS's foray in the crypto business come after its CEO Piyush Gupta steered the bank to invest billions of dollars to upgrade its technology infrastructure over the past eight years as it embraced cloud computing and digitised its services.

DBS Digital Exchange bills itself as the world's only bank-backed full service digital bourse - offering cryptocurrency trading, asset tokenisation and digital custody services, in a crypto sector where investor trust is still low.,football club names in india

Also Read | Binance: The crypto giant facing pressure from regulators,betonline roulette

365 days cricket highlights,Soaring popularity of cryptocurrencies has posed a problem for mainstream banks as they try and balance clients' interest in digital coins with regulatory concerns about their risks.

football games play online free penalties,A unit of Standard Chartered is setting up a joint venture to establish a cryptocurrency brokerage and exchange platform in Britain and Europe, while HSBC said it has no plans to offer digital currencies to customers.

free lottery online,Eng-Kwok said DBS' position as one of the biggest wealth managers in Asia and its expertise in originating deals in capital markets would help it attract users and grow trading volume.

888 online poker,The move comes at a time when DBS, like other banks, is looking to boost fee-based income as net interest income decreases amid low interest rates.

Eng-Kwok said the bourse hopes to list at least half a dozen security tokens by end-2022.,ipl cricket satta online

Singapore's central bank brought crypto businesses under a new regulatory framework that came into effect in January 2020.,football all games download

midtown tennis,DBS' brokerage arm has received an-principle approval under the new regime, which will allow it to directly support asset managers and companies to trade in digital payment tokens through the bourse. The Singapore Exchange has a 10% stake in the bourse.

game judi roulette,"Having mainstream banks helps foster an environment where settlement risk is minimal and there are safeguards in place for custody of user deposits and security of transactions," said Ganesh Viswanath-Natraj, assistant professor of finance at Warwick Business School in Britain.

Last week, Binance, one of the world's largest cryptocurrency exchanges, said it will restrict its services in Singapore days after the central bank told it to stop offering payment services.,india odds sports

DBS Digital Exchange offers trading services between bitcoin, bitcoin cash, ethereum and XRP, and U.S., Singapore, Hong Kong dollars and the yen.,football world cup qualifiers points table

"Our aim was to create a platform that could serve the entire digital asset value chain, from deal origination to tokenisation, listing, trading, and custody – all within a trusted and regulated bank franchise," said Kwee Juan Han, DBS' group head of strategy and planning.,index of dil junglee

Han said a trend of companies exploring fundraising options through tokenised assets, and growing interest by private investors to expand the share of digital assets in portfolios offered DBS a timely opportunity to launch the bourse.,betdaq mobile cricket

football live stream app,He said DBS expects its new businesses, including the digital exchange and a carbon exchange to bring in total revenue of S0 million (0 million) by the end of next year.( = 1.3432 Singapore dollars)


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