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ZA Bank launches reserve banking services to Hong Kong stablecoin issuers

2024-07-19 16:35

BlockBeats news, on July 19, according to Cointelegraph, Hong Kong virtual bank ZA Bank announced that it will provide reserve bank services to Hong Kong stablecoin issuers, making it the first digital bank in Hong Kong to launch reserve bank services. The bank is negotiating cooperation with 10 other stablecoin companies and actively supports the policies of the Hong Kong Monetary Authority.

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