Hong Kong’s Largest Virtual Bank To Provide Reserve Bank Services To Stablecoin Issuers
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The post Hong Kong’s Largest Virtual Bank To Provide Reserve Bank Services To Stablecoin Issuers appeared first on Coinpedia Fintech News Hong Kong’s largest virtual bank, ZA Bank, has announced an initiative to provide exclusive reserve bank services for stablecoin issuers. This move aligns with the territory’s new stablecoin licensing regime. This regulatory framework mandates cryptocurrency stablecoin issuers deposit reserve assets in local banks, a significant step toward ensuring greater stability and security within the digital …
Source: coinpedia
