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ZA Bank plans digital asset retail trading in Hong Kong under new guidelines

Hong Kong-based ZA Bank plans to offer retail virtual asset trading in the administrative region. The bank announced its plan on May 24, one day after the Hong Kong Securities and Futures Commission (SFC) said it would start accepting retail virtual asset trading platform license applications.

The bank will partner with locally licensed virtual asset exchanges to obtain regulatory approvals, according to a statement. Bank customers will be able to “trade virtual assets by using fiat currency within the ZA Bank App” once those approvals are in place.

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