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SBI Group, the financial services company group based in Tokyo, Japan, has announced the launch of a crypto asset fund that consists of seven different digital currencies. The crypto fund…
The SBI crypto-asset fund consists of seven cryptocurrencies including Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Chainlink and Polkadot, none exceeding more than 20% in ratio.
Coinhako received regulatory approval from the Monetary Authority of Singapore just a month before the SBI funding.
The crypto venture is expected to formalize its operation by the end of 2021 and start offering its services by early 2022.
Like other large-cap legacy altcoins, XRP is stuck in a rut and data suggests investors are content just to sit and watch.
State Bank of India (SBI) has reportedly blocked payments to cryptocurrency exchanges using its Unified Payments Interface (UPI). Payment processors have been told to disable the bank’s UPI for crypto…
Japanese financial conglomerate SBI Holdings is reportedly launching a crypto fund that will invest in several cryptocurrencies. “I want people to hold it together with other assets and experience firsthand…
An SBI exec said that the company would consider launching a second crypto fund depending on the success of the first.