Standard Chartered Bank’s New Bitcoin Custody Service in UAE
Tuesday, 10 September 2024, 14:23
Overview of Standard Chartered's Crypto Service
In a significant development for business in the UAE, Standard Chartered Bank has launched a new Bitcoin custody service. This move reflects the bank's commitment to support the evolution of cryptocurrency services.
Details of the Licensing
With a license from the Dubai Financial Services Authority, Standard Chartered can now securely custody clients' digital assets, which is a major step in enhancing bank functions in the crypto space.
Significance for Cryptocurrency Business
- Enhanced Security: Clients can trust Standard Chartered's established systems.
- Innovation in Banking: This service positions the bank at the forefront of cryptocurrency offerings.
- Strengthened business relationships in the UAE market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.