Hong Kong’s ZA Bank to Roll Out Virtual Asset Retail Services as New Regulations Approach

Hong Kong’s ZA Bank, a unit of China’s ZhongAn Online P&C Insurance, is reportedly exploring ways to offer virtual asset-related services after new regulations for digital assets launch in June. To establish itself as a crypto hub, Hong Kong implemented a new regulatory framework for crypto exchanges last year. Approval from Hong Kong’s top financial watchdog, the Securities and Futures Commission (SFC), is highly sought-after, due to its reputation as a prestigious regulatory body. The SFC has also advised investors to move their digital assets to platforms that are already regulated or in the process of obtaining a license. Currently, only OSL Digital Securities and Hash Blockchain hold licenses for virtual asset trading in Hong Kong.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android