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Singapore’s Whampoa Group Plans to Set Up Digital Bank in Bahrain Open to Crypto Clients
Whampoa Group, a prominent private family office in Singapore, plans to set up a digital bank in Bahrain whose services will include round-the-clock payments and settlement for digital-asset companies. The goal is to establish the bank by year-end and provide banking services as well as the trading, custody and asset management of digital tokens, according to a statement from Whampoa Group. The firm’s founders include Lee Han Shih, a member of the Lee family that founded Oversea-Chinese Banking Corp. and Amy Lee, the niece of the city-state’s founding prime minister. A government spokesperson for Bahrain said the ... (full story)