Singapore Gulf Bank to raise funds, buy stablecoin payments firm

Quick Summary:

The purchase of a stablecoin payments firm is planned for the first quarter in the Middle East or Europe, they said.

Optimism about the digital-asset sector is growing, helped by the promise of supportive industry regulations in the US.

Crypto businesses have sometimes struggled to access the banking sector because of the industry’s volatility and history of scandals.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBahrain

Topics: Sector Access Singapore Months Bahrain People Plans Bank Middle First Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 17:15:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23821115

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 17 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #25

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