HashKey Group Executive: Hong Kong ZA Bank Virtual Asset Trading Service to Launch in Q4

IconCryptoNewsTerminal Staff16 Aug, 2024

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HashKey Group Executive: Hong Kong ZA Bank Virtual Asset Trading Service to Launch in Q4

Hong Kong Virtual Bank to Offer Virtual Asset Trading In an interview with a local media outlet, HashKey Group COO Livio Weng revealed that Hong Kong's largest internet bank, ZA Bank, is set to receive approval from the Hong Kong Monetary Authority (HKMA) for its virtual asset trading service by the fourth quarter of this year. Expanded Product Line In addition to trading Bitcoin (BTC) and Ethereum (ETH) spot ETFs, ZA Bank plans to collaborate with multiple virtual asset exchanges to enable users to directly buy and trade virtual assets. This move will expand the bank's product offerings and provide customers with convenient access to the growing digital asset market. Hong Kong has been actively exploring the regulation of virtual assets. By approving ZA Bank's virtual asset trading service, the HKMA signals its commitment to supporting innovation and responsible adoption of digital assets in the region.

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