Singapore’s largest bank, DBS, may favor Bitcoin over the US dollar as a store-of-value. The Chief Investment Office at DBS recently published a note to investors which makes a case for Bitcoin as a more effective store-of-value asset than US-based fiat.

Digital assets are regarded as property under Russian law and the changes will legalize crypto payments between parties to a contract.

"We want them to be able to take the crypto they acquired with us and take it to the destination of their choice," says Jose Fernandez da Ponte.