Hong Kong's Efforts to Become a Global Cryptocurrency Hub

Hong Kong positions itself as a leader in the developing crypto economy. As previously mentioned by CNF, Hong Kong's ZA Bank recently launched the largest virtual bank in the region. This service allows retail customers to trade Bitcoin and Ethereum directly, using fiat currency.

The goal of the virtual bank is to enable more people to confidently and safely work with digital assets by providing a convenient platform that simplifies the trading process.

It is projected that by 2024, the number of users will exceed 560 million, and this initiative is part of Hong Kong's efforts to transform into a global cryptocurrency center. The service is supported by the HashKey exchange, which ensures that trading operations comply with regulatory standards.