ZA Bank Partners with Yuancoin: Pioneering Reserve Banking for Hong Kong’s Stablecoin Issuers

Hong Kong’s largest virtual bank, ZA Bank, made headlines today by launching exclusive reserve banking services for stablecoin issuers, aligning with recent regulatory developments in the region’s cryptocurrency landscape. This initiative is part of Hong Kong’s new stablecoin licensing framework, demanding that stablecoin operators deposit reserve assets with local banking institutions. ZA Bank’s CEO, Yao

Source: CoinOtag