News Snapshot:
Singapore-based DBS Private Bank launches Asia’s first cryptocurrency trust service backed by a bank. DBS is offering its clients the ability to invest and manage up to four assets through the bank’s wholly owned, licensed trust company DBS Trustee, according to a press release on Friday. The assets are bitcoin , ether , bitcoin cash and XRP hosted on the bank’s digital asset exchange that launched late last year. The fiat trading pairs on the exchange are the Singapore dollar, Hong Kong dollar, U.S. dollar and Japanese yen. The move adds a layer of legitimacy to cryptocurrencies in the region...
