Hong Kong’s ZA Bank Launches Retail Crypto Trading

ZA Bank, Hong Kong’s largest digital bank, now allows retail users to buy and sell Bitcoin ($98,111) and Ethereum ($3,482) directly using fiat. Users need a ZA Bank account and must complete a risk assessment to access the service.

The bank partnered with licensed crypto exchange HashKey to ensure regulatory compliance and promote the Web3 ecosystem. This marks a significant step in integrating traditional banking with crypto.

Hong Kong began allowing retail crypto trading in August 2023, with three exchanges currently licensed by the Securities and Futures Commission. ZA Bank’s move reflects the region’s growing embrace of blockchain technology.

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