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DBS Plans To Apply for License To Offer Crypto in HK

DBS Group Holdings Ltd plans to apply for a license to allow it to offer crypto to Hong Kong customers as the Chinese territory pushes to become a hub for digital assets.

“We are planning to apply for a license in Hong Kong so that the bank could sell digital assets to our Hong Kong customers,” said Sebastian Paredes, chief executive of DBS Bank (Hong Kong), at a briefing in Hong Kong on Monday.

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