Singapore Hosts New Fiat-Crypto Exchange, Welcomes Crypto Bank Accounts



Singapore Cautiously Welcomes Crypto Bank Accounts, Fiat-Crypto Exchange

It has been a busy week for Singapore as it relates to cryptocurrency. The city-state is set open the first fiat-crypto exchange in Southeast Asia, while the financial regulator has vowed to help crypto companies set up local bank accounts, according to media reports. 

Also read: Salt to Offer Crypto-Backed Loans in 7 Global Markets, 15 More US States

Strong Response to
Eurekapro’s Beta Launch

More than 8,000 people signed up for the open public beta launch of Eurekapro’s new fiat-crypto exchange, Finews.asia has reported. “A Singapore-based exchange will allow for easy fiat-to-crypto trading and aims to make digital currency more easily accessible to businesses and consumers,” the news site said.

Singapore Cautiously Welcomes Crypto Bank Accounts, Fiat-Crypto Exchange

Eurekapro offers its own native token, EKT, and claims it provides the most extensive fiat-to-crypto support in Asia. With its new Singapore exchange, the company — which was previously known as Overswitch and based out of Sweden — will allow users to conduct transactions with a…



Read Full Story : Bitcoin News

2018-10-11 15:30:25

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