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Singapore’s largest bank, DBS, sees rapid growth in crypto industry and strong investor demand

Singapore and Southeast Asia’s largest bank, DBS Group Holdings, says its crypto business “is growing very rapidly.” The bank’s digital asset trading platform plans to double its membership by the end of the year. Singapore’s DBS Expects Significant Growth in Crypto Business DBS executives said in an interview released Monday by Reuters that the bank…

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Singapore grants first regulatory in-principle approval to crypto exchange

Independent Reserve gets the first in-principle approval that gives hope to around 170 crypto exchange applicants waiting to receive an official operating license in Singapore. Independent Reserve, an Australian crypto exchange founded in 2013, has become the first cryptocurrency exchange in Singapore to receive an “in-principle approval” to operate as a fully regulated virtual asset…