SINGAPORE -- A digital exchange, which is being touted as the first for trading fiat money and cryptocurrencies with backing from a traditional bank in Singapore, was launched on Friday.
City-state moves forward on digitization to cement financial hub status
DBS' new digital exchange will allow for trading in Singapore dollars, U.S. dollars, Hong Kong dollars, Japanese yen and four cryptocurrencies. © Reuters
SINGAPORE -- A digital exchange, which is being touted as the first for trading fiat money and cryptocurrencies with backing from a traditional bank in Singapore, was launched on Friday.