Largest bank Singapore launches Bitcoin exchange, biggest BTC transaction ever and India embraces Crypto

Photo by Ewan Kennedy on Unsplash

Singapore’s Largest Commercial Bank Launches Bitcoin Exchange

DBS, a Singapore-based multinational bank with over $400 billion of assets, announced an institutional-grade digital asset exchange, custody, and platform for security token offerings (STOs).

According to the announcement, the new exchange is regulated by the Monetary Authority of Singapore (MAS). Only financial institutions and professional market makers will be allowed to use the platform. They will act as intermediaries for individual clients.

Notably, only qualified investors will be approved to participate once the service is live. The initial crypto lineup includes Bitcoin, Bitcoin Cash, Ether, and XRP. Trading pairs are against fiat currencies, such as USD, SGD, and JPY.

Source: Cryptobriefing

Biggest Bitcoin transaction ever!

The day before yesterday, a whale placed a very remarkable Bitcoin transaction. It was not just the biggest payment ever done, but the sender also left a special message on the blockchain.

According to several blockchain explorers, the transaction was added to the blockchain at the 26th of October at 15:57. The whale sent a total amount of 88857.24519026 BTC towards two new addresses. It is the biggest transaction in the history of Bitcoin. And besides that, it only cost $3.

The whale immediately sent his more than 40k BTC to some other addresses, creating a kind of dust attack. And now it becomes strange: he had send it to some vanity addresses, which all together created a special message:

Let’s use full power of anonymity. See memo.sv/topic/hmwyda.

It’s not really clear what the message is about.

Indian banks finally embrace crypto

The Indian bank United Multistate Credit Co. Operative Society aims to include cryptocurrencies and its products in its financial services.

The bank is cooperating with Cashaa, a crypto banking service provider. They are working as an alliance named UNICAS. They propose to offer both digital crypto banking and walk-in services in its 34 offices in northern India.

The country’s laws on cryptocurrencies remain undetermined. The Supreme Court of India recently prohibited crypto banking, which has prevented several banks from offering services to crypto enthusiasts.

UNICAS will permit United’s customers to combine cryptocurrency wallets with their accounts. They will also be able to purchase various cryptocurrencies with cash or using their account.

Source: Cryptopolitan

Give us a call on +31 85 2250 510 or email us at support@crypto2cash.com. Our members of staff are available between 9.00–18.00 CET to answer any question you may have, especially in regards to easily selling your crypto for fiat currencies.

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