Banks in S'pore taking a prudent but positive approach towards cryptocurrency

Most banks here are taking a sure and steady approach towards cryptocurrency as institutional demand for investments in digital assets grows. ST FILE PHOTO
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SINGAPORE - Institutional demand for investments in digital assets continues to rise, and most banks here are taking a sure and steady approach towards cryptocurrency.

Caution seems the obvious option, given the ground-breaking new technology involved, not to mention the regulatory minefield and massive upheaval that could hit the financial service industry.

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