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DBS TO FOCUS ON INSTITUTIONAL CRYPTO INVESTING

DBS To Focus On Institutional Crypto Investing

In a recent earnings call, the CEO of Singapore's DBS crypto exchange said that his firm's first emphasis is on extending its cryptocurrency services to accredited and institutional investors and that the bank would explore starting a retail line of business if regulators and technology are in place.According to the DBS crypto exchange, a retail cryptocurrency trading desk would be launched by the end of 2022, which said thi

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INDONESIA BANS FINANCIAL FIRMS FROM FACILITATING CRYPTO SALES.

Indonesia bans financial firms from facilitating crypto sales.

Indonesia's Financial Services Authority (OJK) has outlawed financial institutions from engaging in cryptocurrency trading, promoting it, or crypto ban in Indonesia. The banking authority also warned the public to look for fraudulent Ponzi schemes that masquerade as cryptocurrency investments.The Cryptocurrency Warning from the Indonesian RegulatorIn a warning issued on Tuesday, Indonesia's Financial Services Authority (OJK),

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