DBS Bank’s Stance on Ethereum Holdings

In response to widespread speculation, DBS Bank, one of Singapore’s premier financial institutions, has clarified its position regarding its Ethereum holdings. Despite the growth of its digital asset exchange, DBS maintains that its Ethereum holdings do not classify it as a whale, and its involvement in the cryptocurrency space remains focused on providing a secure and regulatory-compliant platform for customers and not on accumulating large positions in any cryptocurrency. This clarification is part of DBS’s broader strategy to engage with the digital assets sector responsibly. Read more at Decrypt