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Malaysia approves digital asset exchange license, stablecoin partnership in Philippines and Singapore banks stepping up verification processes for bank account opening. ....
Nary a day goes by without news of someone being scammed. Banks have rolled out a wave of anti-scam measures that may be imperfect but necessary, says Reed Smith lawyer Bryan Tan. ....
DBS says its new digiVault account will take a “digitally in, only physically out” approach, with funds only accessible after identity verification. OCBC and UOB are also set to roll out similar features. ....
Those who hold accounts with UOB in Singapore and make use of the bank’s digital banking capabilities may have noticed a new scam alert since Friday. ....