Singapore’s biggest bank DBS backs crypto despite market slump

  • 📰 FT
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Canada News News

\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.

Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities.Try full digital access and see why over 1 million readers subscribe to the FT.

Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities.Try full digital access and see why over 1 million readers subscribe to the FT
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Take note of the key word 'Backs'. A bank backing crypto is just a bank processing transactions and earning fees in the process. All the risk is on the shoulders of the Buyers and Sellers. Call me when DBS puts Crypto on its books and opens itself up to spot price risk. 🤣😂🤣

An extremely convenient timing for banking institutions given MAS had recently expressed stronger intentions to curb retail access to cryptocurrencies. Perhaps we should not forget why crypto was invented in the first place.

Why? They trying to get into terrorists funding?

🤔

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 113. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Strains mount in European power market as UK generators call for help\n\t\t\tGet local insights from Lisbon to Moscow with an unrivalled network of journalists across Europe,\n\t\t\texpert analysis, our dedicated ‘Brussels Briefing’ newsletter. Customise your myFT page to track\n\t\t\tthe countries of your choice.\n\t\t Dash-for-gas allowed by Tory-poodle, light-touch regulation equals power market failure. wmiddelkoop Energy is the foundation of civilization.
Source: ftenergy - 🏆 47. / 63 Read more »

Strains mount in European power market as UK generators call for help\n\t\t\tGet local insights from Lisbon to Moscow with an unrivalled network of journalists across Europe,\n\t\t\texpert analysis, our dedicated ‘Brussels Briefing’ newsletter. Customise your myFT page to track\n\t\t\tthe countries of your choice.\n\t\t 🤣🤣 gotta love this perfect boomerang action end the conflict in Ukraine, belongs to Russia anyway just stop and things will be fine. Though, a nice expensive brutally cold winter will send the migrants packing, and while they are gone a good opportunity to pass laws to keep them from coming back Invite Americans instead
Source: FT - 🏆 113. / 51 Read more »