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UOB is "not 100 per cent convinced yet" about the prospect of cryptocurrencies and will continue observing this space, even as it recognises that clients want exposure to digital assets.

WELL before the Covid-19 outbreak, many financial institutions had already been increasing their focus on developing digital capabilities, especially in response to a rise in the population of young, tech-savvy high-net-worth (HNW) clients.

SINGAPOREANS are getting a better handle on day-to-day financial management, with more tools available for them to do so.

DBS will invest S$300 million next year to boost its digital-banking capabilities for its wealth and retail customers, the bank announced on Tuesday.

SINGAPOREANS are getting a better handle of day-to-day financial management, with more tools available for them to do so.

PARENT company of crypto exchange Luno, Digital Currency Group (DCG), has secured an over US$700 million (S$943.3 million) investment round from SoftBank's Vision Fund II and Latin American Fund valuing the company at US$10 billion.

SINGAPORE sees "significant economic possibilities" from a crypto or tokenised economy that can make cross-border payments cheaper and can transform the way hard physical assets are traded - the way first paved by modern securitisation, said Monetary Authority of Singapore (MAS) managing director Ravi Menon.

IN THE face of severe supply chain disruptions, Singapore is gaining from an insurance premium that businesses are willing to pay to ensure continuity, said Monetary Authority of Singapore (MAS) managing director Ravi Menon.

SINGAPORE'S central bank is introducing amendments to the Monetary Authority of Singapore (MAS) Act to allow the authority to subscribe for a new type of non-marketable security that will facilitate the transfer of official foreign reserves.

Stablecoins have been on a tear of late, with growing global acceptance of cryptocurrencies driving their rise. They have also caught the attention of lawmakers around the world, who are urging regulatory frameworks for this broad class of digital currencies.