Has Asia Just Gotten A Major Leg Up On The Crypto Game?
Major Asian bank, Singapore’s DBS, could be set to debut a crypto and securities token exchange – offering trading in bitcoin (BTC) and three major altcoins against not only the fiat Singapore dollar, but also three other major international currencies.
A DBS page devoted to what the bank seems to have called the DBS Digital Exchange already went live but now can be found in cache form.
The page shows that the new exchange will apparently allow customers to trade in BTC, as well as XRP, bitcoin cash (BCH) and ethereum (ETH) with the Hong Kong dollar, the Japanese yen and even the American greenback, in addition to the Singaporean fiat.
And this appears to be the tip of the iceberg – with an “STO offering” to “be announced and introduced in due course,” allowing “qualified investors” to “securitize real assets into tradeable digital tokens.”
And it appears that the DBS Digital Exchange may have obtained a regulatory green light – with claims on the site that it is “regulated by the Monetary Authority of Singapore,” the country’s national bank and chief financial regulatory body.
This should come as no surprise as Singapore has been ahead in so many aspects. We'll keep you posted on new developments as everything changes for us all!