DBS, Singapore's biggest bank is planning to start new crypto services in Hong Kong, that is pushing to attract digital assets businesses and becoming a crypto hub. Also last last year, received a cryptocurrency license from MAS (Monetary Authority of Singapore) that allows bank clients to the DBS Digital Exchange by invitation.

It must be said that recently, right in Singapore, we've seen the slump of Three Arrows Capital (cryptocurrency hedge fund) and Hodlnaut (platform where you can earn interests on crypto). About it, MAS managing director Ravi Menon said last week that the regulator would take steps to protect retail investor.

On the other hand, DBS CEO said losses suffered by retail investors in the crypto crash underscored the importance of more established financial institutions offering digital assets services. 

Will be top or flop?

(Personally, in 2021 I trusted Hodlnaut and we all know how it ended...)