Banks

Banks Wallets

OTC and Crypto

Jun 14, 2021 cryptorocks_editor

OTCs

Cashing out may be difficult due to AML and banks being unwilling to accept profits from crypto based transactions. This video explains some of the ways to use OTC – 

  1. Silvergate
  2. Deltec (Bahamas)
  3. Frick (Liechtenstein)
  4. Capital Savings Bank (Cook Islands)
  5. QCP Capital (Singapore)
  6. Canadian Banks
  7. Eastern European Banks (EMI)
  8. Cayman Islands

Proof of Funds may be needed for deposits. If wealth comes from staking or yield farming, this may be harder to prove.

 Local Bitcoin solutions could also work.

Offshore Citizen

 

Banks Blockchain Latest Security

DBS & an STO

Jun 10, 2021 cryptorocks_editor

DBS – first STO on DDEx

The Development Bank of Singapore (DBS) had issued its first STO. This was done via its exchange called DDEx.

The DBS has revenues of 14.5 billion SGD (10.8 billion USD) and the DBS believes tokenization will enter the mainstream for securities.

DDEx launched in late 2020, and today holds 85 million SGD in digital assets (custody service).

CEO Piyush Gupta was cautious on crypto asset trade saying the bank would test the markets and “figure it out.”

 

 

“Our maiden STO listing on the DBS Digital Exchange is a significant milestone, as it highlights the strength of our digital asset ecosystem in facilitating new ways of unlocking value for issuers and investors.” Eng-Kwok Seat Moey, DBS 

 

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