Hong Kong and Singapore’s Elite Love Digital Assets
0According to a KPMG report, more than 90% of family offices and high-net-worth individuals are interested in or have already invested in digital assets. The majority of responders manage assets ranging from $10 million to $500 million. DBS, the largest bank in Hong Kong and Singapore, stated in September that it was extending crypto services on its digital exchange. The Hong Kong Securities and Futures Commission has declared its intention to enable ordinary investors to participate directly in virtual assets and to rethink present crypto trading regulations. Singapore intends to extend its cryptocurrency restrictions as well. "The Hong Kong Securities and Futures Commission has declared its intention to enable ordinary investors to participate directly in virtual assets and to reassess present crypto trading rules." The Monetary Authority of Singapore has expanded cryptocurrency trading for authorized investors.
Source: https://cointelegraph.com/news/hk-and-singapore-s-mega-rich-are-eyeing-crypto-investments-kpmg
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