Questions tagged [dbs]

CryptoEnthusiast Fri Jul 05 2024 | 6 answers 1302

How does DBS store cryptocurrencies?

As a practitioner in the field of <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> and finance, I'm curious to understand the intricacies of how DBS, a leading financial institution, stores cryptocurrencies. Could you elaborate on the specific security measures and protocols DBS employs to safeguard digital assets? Do they utilize cold storage solutions, multi-signature wallets, or other advanced encryption techniques? Furthermore, what kind of regulatory oversight does DBS face in terms of managing and storing cryptocurrencies, and how does this impact their storage practices? Your insights into this topic would be greatly appreciated.