News list for " zhongan bank"
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.
In a recent interview, chief executive of ZhongAn Bank confirmed that it has provided banking services to three virtual asset trading platforms licensed by the Hong Kong Securities Supervision Commission, namely OSL, HashKey and HKVAX. In addition, ZhongAn Bank is currently a banking partner of more than 100 Web3 companies. Yao Wensong added that entering the virtual asset market business will help the bank to enter the international market.
ZhongAn Bank today on the line of cryptocurrency trading services, according to the bank's acting CEO Wu Zhonghao revealed that the service is open to all Hong Kong residents of the customer, the customer must hold a qualified Hong Kong identity card and address proof and telephone, and after threat and risk assessment, in order to protect the safety of customer assets, will limit its holdings of cryptocurrency assets accounted for its total investment assets within 20%. According to Ding Zhaofe...
ZA Bank, a Hong Kong-based digital bank, today announced the launch of a cryptocurrency trading service on its app, becoming the first bank in Asia to offer such a service to retail users. Users can buy and sell bitcoin and ethereum through Hong Kong dollars and US dollars. The service has an entry threshold of $70 or HK $600, a commission of $1.99 or HK $15 per transaction, and a platform fee of 1.5% of the transaction amount. ZhongAn Bank will implement preferential policies by the end of June...
ZA Bank CEO Yao Wensong said in the latest interview that ZA Bank is not only the first digital bank to open in Hong Kong, but also the first digital bank in Hong Kong. By the end of 2023, the number of users and the amount of deposits are the largest among the licensed digital banks. Yao Wensong said that ZA Bank has invested a lot of resources in supporting the Web3 ecosystem in Hong Kong. More than 100 of the more than 200 Web3 companies in Cyberport have opened accounts with ZA Bank. At the ...
Hong Kong-based digital bank ZA Bank has announced that it has become the first digital bank in Hong Kong to offer exclusive reserve banking services to stablecoin issuers. According to the latest list of sandbox participants released by the HKMA, Yuanbi Innovation Technology Limited (Yuanbi), which has partnered with ZhongAn Bank, is also one of the first members. Yuanbi became the first stablecoin issuer of ZhongAn Bank to provide reserve banking services. Chief Executive Officer of ZhongAn Ba...
The reporter learned from ZABank that the bank's Quarter 1 customer deposit balance in 2024 increased by 50% compared with the previous quarter. The bank said it plans to launch retail virtual asset trading soon. (21 Finance)
