Hong Kong ZhongAn Bank plans to launch virtual asset trading services for retail investors

2023-05-24 13:15:24

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ChainCatcher news, Hong Kong's ZA Bank announced plans to launch virtual asset trading services for retail investors. By collaborating with local licensed virtual asset exchanges, ZA Bank will seek regulatory approval to enable retail investors to buy and sell virtual assets using fiat currency through the ZA Bank App.

According to reports, ZA Bank stated that as a licensed bank in Hong Kong, it will adhere to strict customer safety and regulatory compliance standards. After obtaining the necessary regulatory approval for virtual asset trading services, ZA Bank will work with third-party vendors to implement higher security guidelines and comply with stringent anti-money laundering (AML) and know your customer (KYC) regulations. In addition, ZA Bank will provide user education regarding the characteristics and risks associated with virtual asset trading. (Source link)

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