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[ammu40]

Hong Kong's largest virtual-only lender, ZA Bank, is expanding its business into the digital assets sector, offering crypto-to-fiat conversions and account services through licensed exchanges. ZA Bank is already working with authorized crypto exchanges in Hong Kong, Hashkey and OSL, and intends to provide the service to other platforms as they obtain a license to operate in China's special administrative region. The move comes as Hong Kong seeks to revive its status as a global financial center by opening up to the crypto space. ZA Bank is conducting anti-money laundering checks and has not had any issues over the past months, according to its Alternate Chief Executive Devon Sin.

 

[Ahamefula]

Hong Kong's largest virtual-only lender, ZA Bank, is expanding its business into the digital assets sector, offering crypto-to-fiat conversions and account services through licensed exchanges. ZA Bank is already working with authorized crypto exchanges in Hong Kong, Hashkey and OSL, and intends to provide the service to other platforms as they obtain a license to operate in China's special administrative region. The move comes as Hong Kong seeks to revive its status as a global financial center by opening up to the crypto space. ZA Bank is conducting anti-money laundering checks and has not had any issues over the past months, according to its Alternate Chief Executive Devon Sin.

Wow, this is very commendable and encouraging, at least conversion of crypto to fiat will be very stress-free and very possible, because some countries especially in Africa have ban the use of cryptocurrency, so a way people now make use of the peer to peer method introduced by some big exchange platforms to trade their cryptocurrency, so if this is really implemented it will go a long way to create awareness and massive adoption of cryptocurrency.

 

[ammu40]

Wow, this is very commendable and encouraging, at least conversion of crypto to fiat will be very stress-free and very possible, because some countries especially in Africa have ban the use of cryptocurrency, so a way people now make use of the peer to peer method introduced by some big exchange platforms to trade their cryptocurrency, so if this is really implemented it will go a long way to create awareness and massive adoption of cryptocurrency.

Right. If this implementation becomes a reality, it could create awareness and encourage widespread adoption of cryptocurrencies. It's commendable and encouraging to see such progress, especially in regions like Africa & Asia where crypto regulations can be challenging. Simplifying the process of converting crypto to fiat could potentially open up new opportunities and pave the way for broader acceptance of digital currencies in everyday transactions.

 

[btaliat]

This will surely make many people to be involving in cryptocurrency transaction. However, I always want to read the news about the implementation of such new strategies like this and the continuation of such a process rather than proposal.

 

[EBUBEJAH]

This will surely make many people to be involving in cryptocurrency transaction. However, I always want to read the news about the implementation of such new strategies like this and the continuation of such a process rather than proposal.

That is the major thing, we should be more concerned about the implementation rather than the proposal, but most definitely it will make people more interested in Crypto thereby creating more awareness, we only look forward to the best news.