The Monetary Authority of Singapore (MAS), the chief financial regulator in the country issued crypto licenses to DBS Bank’s brokerage arm DBS Vickers and Australian exchange Independent Reserve. The license would allow the two firms to offer crypto brokerage services to native customers.
Australian exchange Independent Reserve became the first from the country to offer its services to retail and institutional investors in Singapore.
DBVS would support asset managers and financial giants to settle their crypto payments via DBS Digital Exchange (DDEx). Both DBS and Independent Reserve obtained in-principle approval from MAS to offer crypto token services back in August this year.
“We have seen robust demand from our clients since DDEx was launched in December last year (2020). We expect to double the number of participants on DDEx to 1,000, as well as to grow this by 20 percent to 30 percent annually over the next three years as digital tokens and cryptocurrency trading gain greater
Źródło: https://coingape.com/breaking-singapore-issues-crypto-license-to-two-new-crypto-exchanges/
