Standard Chartered announced on the 3rd that it has started offering spot trading of Bitcoin (BTC) and Ethereum (ETH) for institutional investors in the UAE (United Arab Emirates), as reported by Reuters. This makes it the first bank in the country to offer such services as a G-SIB.
G-SIB stands for Global Systemically Important Bank, a designation by the Financial Stability Board for banks whose failure could significantly impact the global financial system.
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