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:
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Reference-es.investing.com
