State-Backed Bank Expands Cryptocurrency Service to Chinese Territories

Singapore state-backed giant bank DBS is preparing to move its crypto money services to Hong Kong.

According to Bloomberg’s report, DBS is currently in Hong Kong to provide crypto services to its customers. to apply for a license reportedly planned.

Hong Kong CEO of DBS bank said that Hong Kong’s They welcomed the developments regarding crypto positively. and possible They are also very sensitive to risks. stated. Apart from the license application, with the clarification of the regulations for cryptocurrencies in Hong Kong by DBS One of the first companies to lend with crypto He also stated that he is eager to become one.

The CEO is also committed to providing the best possible service to DBS’ customers in Hong Kong. in close contact with the government He said they will work.

net profit in 2022 $6.7 billion DBS bank, which is the first bank, has a significant amount of assets and customers in Hong Kong.

source site-9