Hong Kong’s Top Virtual Bank to Offer Reserve Services to Crypto Stablecoin Issuers

Quick Summary:

The largest virtual bank in Hong Kong, ZA Bank, broke new ground earlier today by offering exclusive reserve bank services to stablecoin issuers, a move in line with Hong Kong’s recent regulatory advancements in cryptocurrency.

By providing safe and reliable banking infrastructure, it will bring safer protection to users and further strengthen the confidence of all parties in the stable currency market.

He also added that working alongside Yuancoin is one more step towards true innovation growth and increases emphasis on the stability of digital assets.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: HungaryHong Kong

Topics: Crypto News Crypto Virtual Bank Hong kong Crypto Market Stablecoin ZA Bank Stablecoin Issuers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-20 @ 08:00:28 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21691751

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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