ZhongAn Bank is the first digital bank in Hong Kong to provide reserve banking services to stablecoin issuers, maintaining its buy rating
2025-05-29 01:37:20
The Legislative Council of the Hong Kong Special Administrative Region has passed the "Stablecoin Bill". According to the analysis of Guojin Securities, ZhongAn Bank is the first digital bank in Hong Kong to provide reserve banking services for stablecoin issuers and the first bank in Asia to provide cryptocurrency trading services for retail users. It is expected to cooperate more with digital asset exchanges and stablecoin issuers in the future to maintain ZhongAn's online "buy" rating.
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