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Hong Kong virtual bank to offer crypto conversions and accounts: Report

Published 04/12/2023, 01:50 AM
Updated 04/12/2023, 03:40 AM
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ZA Bank, Hong Kong’s biggest virtual bank by assets, is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges.

According to an April 12 Bloomberg report, the bank will act as a settlement bank to allow token deposits at licensed exchanges to be withdrawn in Hong Kong dollars, Chinese yuan and United States dollars, and is also offering account services to crypto firms.

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