Bitcoin Forum

On Bitcoin's 4th anniversary, im extremely excited to launch Singapore's First Bitcoin Exchange.

https://www.fybsg.com (https://www.fybsg.com)

Im hopeful that this will make Bitcoin more accessible to people in Singapore and trigger greater acceptance
of Bitcoin in trade and online businesses here.

Currently SGD deposits are only accepted via local Internet Bank Transfers.

"local Internet Bank Transfers"

any chance of support for a buyer from Malaysia? have someone who wants to buy something from me using bitcoins in Malaysia but no simple way to get bitcoins in that country

Im thinking of accepting wire deposits from other countries, but the issue is that wires usually costs $30-$50 and if you convert MYR to SGD you will lose atleast another 2.5% in exchange rate.

Do you have any idea if the banks operating in Malaysia have any cheap method of transferring funds to Singapore accounts?

Im still mulling over the idea of accepting annonymous cash deposits from any UOB cash deposit machine around Singapore, which might appeal to people from JB who come over the causeway often to work/shop and could help with deposits for anyone in Malaysia without having a Singapore Bank Account.

Do the anonymous cash deposit route - Malaysian people who go over Singapore can credit their accounts easily this way.

If I'm not wrong, my UOB bank charges me RM2 + cable charges RM10 to send $$ over to SG UOB bank accounts for amounts less than 5k, and only the cable charge if I send more than that. If you have Maybank accounts you could send $$ even cheaper and faster from a Malaysian Maybank account to a SG Maybank account.

I checked UOB's website. They charge fees for incoming TT as well.

Credit to an account holder (UOB Group in Singapore)

S$10 or equivalent

Credit to a non-account holder
 
in Singapore Dollar   S$20
In Foreign Currency   1/8%, min. S$10 plus cable charges plus agent charges if any

Im not sure what they mean by Credit to a non-account holder.


Camo/John : Give me a couple of days to test out my annonymous cash deposit method and come up with the details.
Id be more than happy to serve the Malaysian market.

Update : Ive added Annonymous Cash Deposit via any UOB cash deposit machine in Singapore.
Detailed instructions are available on the Deposit page upon login.

Given the vast number of Malaysians from Johor Bahru who work/study in Singapore, it should not be too difficult for Malaysians to find someone to do the deposit for them. Or some enterprising Malaysian could start offering a service.

You should list your exchange on http://bitcoincharts.com

Yup, already emailed them.

See here (https://bitcointalk.org/index.php?topic=124441.0).

try dgtmkt.com - My friend in Malaysia bought some btc but there's a 2% service fee.

Not only that, they make some on their exchange rate calculations too:

1 BTC = 49.1897 MYR = 16.0789 USD , while MtGoxUSD = 14.1990 USD

Another 13% there.

I've just tried to buy some BTC on this site. It was particially filled. There's not enough SELL orders....

Would be interesting to know what kind of volume they are doing on a daily / weekly basis - I would use them if they had good volume.

@andrewsg - I've bought some BTC from the site in April and their order book is quite good now. Have you bought any yet?

Not yet, got some cash in just in case. Order book and spreads look healthier today.

Any luck sending deposits to Malaysian banks yet ? :)

Do you mean accepting deposits from Malaysian banks or withdrawals to Malaysian banks?

The banks in sg are some of the most uncompetitive in the world with regards to wire charges.
Im exploring some options for Malaysia but it's still too early to say atm.

Some info here: http://bitcoincharts.com/markets/fybsgSGD_trades.html

Maybe you can drop by a Maybank Singapore branch and ask if you could open a Maybank Malaysia account?

Hey nagato,

Sorry but may I ask your rough estimate of how many traders there are in SG that are using your service would like to see if its worth it to create a SG bitcoin group. Thanks  ;)

Ive got about ~700 accounts.

Of which
200 are probably non-sg based people just registering to have a look and will never buy or sell a single satoshi.
150 are probably russian/<insert random country> hackers trying to look for a vulnerability

350 is my best guess of people based in Singapore who have registered.
Of these id say only 30%(~100+) have ever had any transactions at all, the rest are just looking atm.

Sometimes i wonder why am i even doing this

It's good that you set it up so us poor SGers can have peace of mind transacting locally.
If not for you, I would not have gotten my BTC so fast this past week.

OK thanks for the analysis on the user base I have registered and will make a trade soon. Even though I have yet to use it but I would like to thank you for creating a local exchange  :)

Again, a thank you from me too for doing this.

I guess it will be slow during the coming months ("summer" etc...) Hopefully things will pick up later this year. What we really would need here is places actually accepting BTC for purchases. So far my guess is that the majority of buyers in SG are hoarders, in for the gamble.

Agree

Thank you for the encouragement.

But the reality is that majority of people in Sg just dont see the need for Bitcoin.
I would have thought our rampant inflation would have made people consider alternative investments,
but it seems like property is still the only safe haven for them.
Merchants wise, it probably only makes sense to adopt Bitcoin for accepting money from overseas customers
but i think our economy serving foreign markets is very small.

Ill PM you soon regarding Malaysia.

Gambling implies uncertain outcome.
In a world where the only certain outcome is losing wealth from keeping money in the bank, gambling might actually be a more sane option, whether it be equities/real estate/gold/bitcoin. You can thank our central banks for forcing us into this.

Ya the whole financial system is nothing but a big ponzi scheme

Haha I was intending to cash out to buy some gold. I'm currently holding Litecoins now and looking at where things might go what if MtGox's LTC implementation and all that. The rapid increase in both LTC and BTC's difficulty is making me feel a bit jaded though :-\

I think the mtgox ltc might not go through so... Btc-e has almost all the crypto currency might want to take a look. I know mtgox is the only one with SGD denominations but do you know that the have been having a lot of problems. Last I heard their trading system can only handle 30/sec and a lot point to them failing eventually

Yeah, I've been keeping up with the news regarding MtGox. They just can't seem to catch a break, what with the bad news every 2 weeks or so. Still, I'm just hoping for the value of LTC to go a bit higher before letting go of everything.

Don't be too disheartened, here are some ideas:

Add more cryptocoins: e.g litecoin, ppcoin, namecoin
Allow these to be traded for BTC

This will then encourage international users to sign up and start trading these coins which will bring in some revenue (albeit in BTC) from deposits/withdrawals and transaction fees while you wait for the fiat side to pick up.

This will also create a good word of mouth for the exchange because people will be talking about it.

Hope that helps!

Cheers, Paul.

Where in Singapore can you get physical without double digit premiums over spot?

Possibly at Bullionvault? Not sure how the fees rack up for physical as I never actually had any physical delivered to me, but the FAQ explains it all quite well. http://www.bullionvault.com/#FOURHUNDRETT  (yes, referral link)

Minimum for physical delivery I believe is 50 grams though.

Today was the first time I read about BTC in the Straits Times (I am not a regular reader though). Related to the LR closure and surprisingly, all was kept quite neutral.

Oh really ST... Link? Or only on paper form Lol...

In the paper page A16. I don't have an online subscription, so didn't bother to check. Essentially this story: http://www.reuters.com/article/2013/06/03/digitalcurrency-regulation-bitcoin-idUSL2N0EC1Y920130603

I was thinking of getting from coinabul or bitcoincommodities haha. Direct bitcoin purchase.

Thanks

Planning to get how much? Lol actual bitcoins...

Small small purchase only lah, only enough for like 10g haha.

the cost is 2.5% for withdrawing whole gold bars, with a further 5% surcharge for withdrawals below 400 oz
The fee for withdrawing silver (whole bars only) is 10%.

Sounds like another Bullion Bank with unallocated gold/silver. As long as you trade paper gold/silver, you get spot prices.
Once you want physical, fee is 7.5% for gold and 10% for silver + transport + insurance.

Good work Nagato, it is nice to meet a fellow Singaporean here.  Really glad to see the first exchange for Bitcoin!

Double agreed. Singaporeans might not be that into bitcoins right now but you never know what the future holds. If you believe in how disruptive bitcoins are for the financial payment scene, like many of us do, I'd say you're poised in a great position for and if bitcoins become more mainstream. Don't lose hope!

Also, shall pm you regarding something else.

Forgot to add that I think that you need to (and probably already are) pay close attention to MAS regulations. Just make sure you're inline with all their regulations etc and you should be fine!

Yeap agree this is crucial to be in the mainstream and to continue operating in Singapore.

What is MAS?

Monetary Authority of Singapore

I beg to differ.
I've bought more than 10 BTC as a non-sg based person.
 :(

My future business partner had a chat with Singapore Economic Development Board yesterday about Bitcoin.
 ;)

About? And what did they say? Is EDB even the right government body to look at bitcoins?

Do they know what is a Bitcoin?

I'll ask him later at 8pm.

Honestly they know one but just close one eye first wait till it affect their revenue and taxation then they will make a big wooha about it.

Actually to regulate bitcoin is not so simple so see what approach the government will take either clamp down or relax relax but knowing SG I say clamp down! What do you all think?

Hard to clamp down but they can make it impossible to continue an exchange here but other than that, don't see much ways that Bitcoin can be clamped down.

Ya something like that... Which will suck big time and we will have to jump through numerous hoops to trade

hahaha, well said
[/quote]

Not really majority of my Bitcoins of course sold :) .  But the rest are used to buy GPUs, computer gadgets etc.  Not gambling of course, but overall I do quite a lot of transactions.

So any updates in regards with the EDB talks?

Don't be discouraged.  It is hard for most people to wrap their heads around this thing.

I just opened an account on your exchange and funded it with btc from cold storage.  If btc spikes, I would look to you to handle any sales I might want to do.

I don't live in S'pore or the US; but I do, of course, have a bank account in S'pore.

The DHS may very well drive this business out of the US, to everyone's disadvantage.  S'pore should step up, as should Hong Hong.

That will be a real boost for the Bitcoin community in Singapore.  Come on, it is time we beat Hong Kong again :)

Yes we must beat Hong Hong ! Lol... Jk ok

Here'a an article and video about the high-security, high-concept vault in S'pore where Deutsche Bank will store $9 billion of gold:

http://goldsilver.com/video/the-high-security-high-concept-vault-where-deutsche-bank-will-store-9-billion-of-gold/?utm_medium=email&utm_campaign=Gold++Silver+Weekly+6+-+11+-+2013&utm_content=Gold++Silver+Weekly+6+-+11+-+2013+Version+A+CID_61fcd2274e813b7c48d6c34cd0f603f4&utm_source=GoldSilver%20Email%20Marketing&utm_term=read%20more

When the US dollar collapses, perhaps we will see bitcoin backed by gold as the new world currency.

Why the hell would you want to back Bitcoin with what it was designed to replace?

Bitcoin wasn't designed to replace gold; it was designed to replace fiat currencies.  There is a marked distinction.  In the long term, bitcoin should stand on its own, but in the short term -- during the transition period -- bitcoin will  be attached to a known value, such as gold, whether you like it or not.  It's the market at work.  Today, it is attached to myriad fiat currencies.  This works, for now.  But it cannot last.

Nagato, thanks for setting up the exchange in Singapore, when I am back in Singapore, first thing I am going to do is to open an account and verified with FYB-SG.   Don't just go for SG, make Singapore the financial hub for Bitcoins, steady lah!

I think you are confusing backing and measuring(or what you call attached).

Bitcoin is measured in dollars as is gold and everything else out there.
People measure the value of things by using the money they are accustomed to. When you go overseas to say UK, you will in the back of your head convert the GBP prices to SGD because that is what you are used to measuring in. That does not mean GBP or the stuff you buy is BACKING your SGD. A backing is a promise to exchange at a fixed exchange rate.

Ive been thinking of doing this but our banks are too uncompetitive in pricing to allow me to compete with Gox and Bitstamp on pricing. They want 0.25% in commissions per withdrawal + $60-$70 in fees, whereas Gox's bank charges a flat fee per withdrawal.

I admit to a poor choice of words.  I should have said "measured" instead of "attached".  But, so what?  Would it be a bad thing if, during the transition, bitcoin was actually BACKED by gold?  Gold has a very long history, and it is not something that can be easily dismissed.  Bitcoin makes the movement of money convenient; gold gives bitcoin respect (is that the correct word?).  Unlike fiat.

 

I have done this -- i.e., I have opened a bank account in S'pore.  But to deal with FYB in amounts exceeding 1000 SGD you have to get "verified".  The verification process assumes you are a citizen of S'pore, so it fails for me.  So, for now, any transactions I make must be in amounts less than 1000 SGD.  Highly inconvenient, but workable.  S'pore is such a tiny state that one would assume much of their financial dealings are with foreigners, and things like account verification would be automatically tailored to foreigners.  Unfortunately, this appears not to be the case.  At least with respect to FYB.

Agree, Singapore is such a tiny state and market, but it is better to have full concentration on the local market, raise the awareness and capture the market first before trying to venture overseas and catering to foreigners.  But I guess this will be the path no matter what if you want to have a sizable exchange to compete with Bitstamp and MtGox etc.  Anyway it is a good start.

Personally i don't see the need for Bitcoin to be backed by anything. It's attributes make it an asset class capable of standing on its own. In case you missed it, the adoption in the past 4 years has occurred based on its own merits, not by anyone backing it or forcing it. Bitcoin as money has attributes superior to gold although Gold has 5000 years of history on its side.


Actually there is no requirement for you to be Singaporean. I have several users from other countries who have gotten verified without issue. Could you list the problems you are encountering?

This is something that my friend will be able to answer by next week. He's a Malaysian working in SG.
We need to drill down to the banks that have this limit. PM me and I will give you my friend's contact info.

You're right -- it doesn't require me to be Singaporean.  I guess the wording on the page led me to believe this.

A Singapore government body is doing something on this line. I'm privy to it but I cannot disclose anything as there's a NDA involved.

Anyway chance you'll be implementing LTC exchange?  ;D ;D

No plans on LTC.
BTC interest in SG is already almost non-existent.
And since you can move LTC for very little cost globally, there is no value in having a local LTC exchange.

Ya... unless there is a huge demand if not not justifiable...

https://www.fybse.se/ (https://www.fybse.se/)

Congrats on your expansion! :D :D

Thanks.
Its actually a franchise agreement, im not handling the running and day to day operations.

franchise ? So I guess you are getting royalties from your coding, UI, etc.
 :)

Solid, I am always at Sweden, never really managed to get Bitcoins there, now with this however easier

Ya, i provide the platform/hosting while they handle legal/operational issues.

Server down? Can't load the page...

Looks ok to me.

Server crashed around 7am today, brought it up by 915am.
Sorry for any inconvenience.

Down again? Hmmmm

Down for me here also.

Murphy's Law at work
Never had much problems appear until im in reservist.

Having some network issues, hopefully its sorted now.

Just sold my 1 BTC and requested a withdrawal :)

My 2 cents: you really need an API so market makers can participate in an automated fashion, bringing in a lot more liquidity to your exchange, and bringing in more casual users.

Patience.
It's in the works.

Also, anyway to reset 2FA token etc? I am backing up my Authenticator tokens after hearing that the recent iOS update wiped all existing tokens.

I read somewhere the Google has released a fix for disappearing keys after the update.

You will have to email me to disable 2FA.

Minor feature request: can the bank account info be stored, saving a bit on typing? Maybe have one default and one blank in case of temporary changes.

Ill add it to my TODO list.
I have a fulltime job as well, so between that and the running of the exchange, i get very little time to work on that list.

We know. Thanks for your efforts!

@nagato, will you be at the Singapore bitcoin meetup later?

Yes, ill be there.

hello deposited... fyb711

anybody attending Bitcoin Singapore Conference?
http://eventnook.com/event/btcsg/home

https://bitcointalk.org/index.php?topic=214887.msg3216659#msg3216659

Is Nagato a speaker? I'm sure that he'd have some interesting insights to share.

unfortunately no, he's not on the list
https://bitcointalk.org/index.php?topic=214887.msg3253325#msg3253325

Compulsory to upload documents, but how is that managed?

What do you mean by how is that managed?

Do they keep the files? Or once verified deleted them? How are they deleted, or how are they kept?

We are required by regulations to retain the files.

Same when you open any account at a bank/brokerage.

Is there any chance that it will be stolen? I am rather afraid of that tbh.

Would just like to mark this important milestone today, 1BTC > 1000SGD.

Time for a free bump i guess :D

Fantastic service offering

Much needed, all the best...

Hi Nagato,

Is your backlog alot? As I'm still waiting for my withdraw and its close to 24hrs

Will send out in next few hours, dont worry.

Thanks :) that's why I still trade on FYBSG.
At least I can rest assure he will answer my enquiry in a timely fashion
UP for you!

I would like to say, I am really happy with FYBSG.com - at no other exchange I had a smooth trading experience like this. 

I am just about to send some more SGD and I noticed that the DBS bank account is no longer listed for deposits.

Now there is just one account listed, the UOB account and I will deposit to that account this time.

It would just be nice to get a word of reassurance from the owners how things are going, are banks causing problems? Has fraud been a problem?
Are you working on more bank accounts or do you have a good partner in UOB.

Thanks!

I generally try to avoid talking about what we go through behind the scenes, but since you have asked and this forum is generally composed of more knowledgeable people, ill spill some.

Generally, businesswise things are starting to pick up, although the Bitcoin userbase per capita in Singapore is one the lowest globally amongst developed English speaking countries (see http://www.anonymousbitcoinbook.com/2013/09/16/where-is-bitcoin-most-popular/). Add the small population and we are not profitable yet, but it is close to the point of being sustainable.

Banks - It is starting to become common amongst the Bitcoin startup scene to hear DBS denying any Bitcoin related companies an account. I guess they are the first amongst the  local banks to see Bitcoin as a threat, although it is naive of them to think that denying bank accounts will hamper bitcoin adoption.
Bank accounts wise, it is a royal pain to obtain and use corporate bank accounts. The paperwork and time to get setup is plain ridiculous(It took close to 3 weeks to get our current account setup). Plus having additional bank accounts further complicates accounting. However if there is sufficient demand for a particular bank, we will consider it.

Fraud - Surprisingly there has been 0 issues of fraud so far. There are plenty of reports online of exchanges being defrauded by customers reversing deposits after buying & withdrawing bitcoins, sometimes causing the exchanges to go bust. (http://bitcoinmoney.com/post/8350754054/bank-transfer-reversals)
This is one of the things that the local banking system has done right, it is extremely difficult to reverse a bank transfer.

Regulators/Regulations - Lets just say that the cost and time spent on dealing with this is more than it took to develop the exchange. It has been a first hand experience for me on how Governments can sabotage their own country's growth by discouraging business startups with unnecessary regulations.

On a side note, i will be interviewed on 93.8 tomorrow(Thursday) 5:15pm.

No fraud, that's great news!
Good luck with the banks and your exchange, I hope it will be operational and profitable for a long time to come!

Nagato, have sent you an email regarding a withdrawal, hope you can help help a bit!
Thanks

As always Nagato, Thanks very much for the prompt reply!
Support FYBSG people!

Hi,

sent a PM to help with deposit.

Thanks

Wow! so fast! Thumbs UP!

Hi,

Since FYB has halt withdrawals, can you give an "insider" guess when the flaw will be fixed and all systems go?

Thank you

Our backend is perfectly fine and not affected by the transaction malleability issue.

The problem is that our bitcoin client is reporting wrong balances and sometimes generating transactions from invalid outputs which will never be confirmed. According to gavin, should be soon. See https://twitter.com/gavinandresen/status/434148075276206080

thanks!

So the smoke should clear by Monday I suppose.

Help help check if BTC transaction cleared?
Is it automatic?
1PNWLrW2j1UwTyCx1jKNXFENivAE3ASQoz

Are you referring to withdrawal or Deposit?
Both should be automatic.

OK, thanks. Somehow quite slow. I was doing an immediate transaction something like cash & carry. The "cash" aka btc took too long to even show up.

I switch to blockchain and it was faster.

But still, I don't see how bitcoin can be used to pay restaurant bill or buy ice-cream; unless the transaction can afford to wait for the confirmations like 10-20 minutes delay. :-\

Transactions usually propagate and show up in 2-5 seconds, that is all the time needed. Its not really necessary to wait for confirmations for low value transactions, more so if the transaction happens in a physical setting where the payer is seen by multiple people as well as CCTVs.

There is also some work being done for the QT Client to detect double spend attempts and warn the merchant immediately, the window for a double spend attempt is a few seconds at best, so the merchant can wait for 5-10 seconds to see if there was any double spend attempt and proceed without worrying about confirmation. https://github.com/bitcoin/bitcoin/pull/3354

If it's 2-5 seconds to showup then my transaction to FYB-SG took a few minutes. It was just 0.001 btc to confirm the FYB-SG account and transaction was sound :(.

We waited but no updates on FYB-SG, then switched to blockchain, which was 2-5 seconds though flagged "unconfirmed". Then minutes later checked FYB-SG still no record.
That's why I asked if it was manual.

Your manual service was great! ;D

Deposits to the exchange require 3 confirmations because the amounts are not within our control.

ihope you took lesson from mtgox incident and start planning potential risks.

Website down?

It's up for me.

Think FYBSG.com is changing DNS or hosting server so some updated DNS can access, other maybe later.

Someone is using bot to trade. :/

and would be better if the commission ain't that high!  :-\

I think for sg it is hard to lessen the commission given the volume n the cost considerations

now fybsg has some competitors in singapore like itbit and crxzone, which provide lower (or zero) commission fees and withdraw fees. The current commission fee 0f 0.6%, and withdraw fee of 0.0005BTC and 1 SGD make fybsg less attractive. It is better if the fees can be revised.

is this exchanger safe?
why no one write here about it since 2014?
can i withdraw to an international bank account or only to singapore's bank account?
is it possible to open a bank account in singapore online without have to fly there?

Yup, this exchange is safe, it is a registered company in Singapore.  Nobody writes about it because it is working the same way since 2014.

And no, you are unable to open a bank account in Singapore online without coming to Singapore, especially if you are a foreigner.

Withdrawal can only be done to a bank in incorporated in Singapore.

<option value="ANZBSGSXXXX">Australia and New Zealand Banking Group Limited</option>
<option value="BNPASGSGXXX">BNP Paribas</option>
<option value="BKKBSGSGXXX">Bangkok Bank Public Company Ltd</option>
<option value="BOFASG2XXXX">Bank of America NA</option>
<option value="BKCHSGSGXXX">Bank of China Limited</option>
<option value="BEASSGSGXXX">Bank of East Asia Ltd</option>
<option value="BKIDSGSGXXX">Bank of India</option>
<option value="CIBBSGSGXXX">CIMB Bank Berhad</option>
<option value="CTCBSGSGXXX">CTBC Bank Co. Ltd</option>
<option value="KWHKSGSGXXX">China CITIC Bank International Ltd</option>
<option value="CITISGSGXXX">Citibank NA</option>
<option value="COBASGSXXXX">Commerzbank AG</option>
<option value="CRLYSGSGXXX">Credit Agricole Corporate and Investment Bank</option>
<option value="DBSSSGSGXXX">DBS Bank Ltd / POSB</option>
<option value="DNBASGSGXXX">DNB Bank ASA</option>
<option value="DEUTSGSGXXX">Deutsche Bank AG</option>
<option value="FAEASGSGXXX">Far Eastern Bank Ltd</option>
<option value="FCBKSGSGXXX">First Commercial BankLtd</option>
<option value="HLBBSGSGXXX">HL Bank</option>
<option value="HSBCSGS2XXX">HSBC Bank (Singapore) Limited(Personal)</option>
<option value="HSBCSGSGXXX">HongKong &amp; Shanghai Banking Corporation Ltd(Corporate)</option>
<option value="ICICSGSGXXX">ICICI Bank Limited</option>
<option value="IDIBSGSGXXX">Indian Bank</option>
<option value="IOBASGSGXXX">Indian Overseas Bank</option>
<option value="ICBKSGSGXXX">Industrial &amp; Commercial Bank of China Ltd</option>
<option value="BCITSGSGXXX">Intesa Sanpaolo S.p.A</option>
<option value="CHASSGSGXXX">JPMorgan Chase Bank N.A.</option>
<option value="KOEXSGSGXXX">Korea Exchange Bank</option>
<option value="MBBESGSGXXX">Malayan Banking Berhad</option>
<option value="MHCBSGSGXXX">Mizuho Bank Ltd</option>
<option value="NATASGSGXXX">National Australia Bank Ltd</option>
<option value="NDEASGSGXXX">Nordea Bank AB Singapore Branch</option>
<option value="OCBCSGSGXXX">Overseas-Chinese Banking Corporation Ltd</option>
<option value="BNINSGSGXXX">P.T.Bank Negara Indonesia(Persero)Tbk</option>
<option value="QNBASGSGXXX">Qatar National Bank SAQ</option>
<option value="RHBBSGSGXXX">RHB Bank Berhad</option>
<option value="ESSESGSGXXX">Skandinaviska Enskilda Banken AB (publ)</option>
<option value="SOGESGSGXXX">Societe Generale</option>
<option value="SCBLSGSGXXX">Standard Chartered Bank</option>
<option value="SBINSGSGXXX">State Bank of India</option>
<option value="SMBCSGSGXXX">Sumitomo Mitsui Bank Ltd</option>
<option value="HANDSGSGXXX">Svenska Handelsbanken AB (publ)</option>
<option value="BOTKSGSXXXX">The Bank of Tokyo-Mitsubishi UFJ Ltd</option>
<option value="UCBASGSGXXX">UCO Bank</option>
<option value="BVBESGSGXXX">UniCredit Bank AG</option>
<option value="UBSWSGSGXXX">Union Bank of Switzerland AG</option>
<option value="UOVBSGSGXXX">United Overseas Bank Ltd</option>

PSA:
Sad, to see this service go.  :'(

Do check out Wowoo Exchange Singapore!

We are a Singapore based Digital Assets Exchange