Singapore strives to remain relevant amid regulatory tightening for retail investors

Singapore’s largest bank, DBS, has announced another move to expand its crypto services while remaining cautious in complying with the financial authorities’ view that crypto assets are not suitable for retail investors in the country.

On Friday, the bank disclosed its decision to expand crypto trading services on its digital exchange (DDEx) to approximately 100,000 “wealth clients who are accredited investors.” Investors who are considered accredited must meet certain criteria regarding their income, net worth, qualifications and understanding of financial markets.

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