Singapore’s DBS Bank is looking to start digital asset trading in Hong Kong. It was one of the first banks to start crypto trading globally, launching its Singapore-based DBS Digital Exchange in late 2020.
“We are planning to apply for a license in Hong Kong so that the bank could sell digital assets to our Hong Kong customers,” said Sebastian Paredes, CEO of DBS Bank (Hong Kong), according to Bloomberg.
Paredes said the bank is cautious, but once it has a greater understanding of the planned framework, it will explore participating.
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