Tuesday, August 16

SBI Holdings Invests In Singapore Cryptocurrency Exchange Coinhako By CoinTelegraph

© Reuters. SBI Holdings invests in Singaporean crypto exchange Coinhako

Tokyo-based financial services giant SBI Holdings announced a joint investment in Coinhako, Singapore’s first licensed cryptocurrency exchange approved by the Monetary Authority of Singapore (MAS).

The investment in Coinhako was made through a fund created jointly by SBI and Swiss bank Sygnum, namely the SBI-Sygnum-Azimut Digital Asset Opportunity (DAO) fund, according to the notification.

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Speaking to Cointelegraph, a MAS spokesperson highlighted the importance of requesting license approval for cryptocurrency businesses:

Read the full article on Cointelegraph

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