Hong Kong Monetary Authority Reviews Virtual Banks, Proposes Renaming to 'Digital Banks'

The HKMA issued a report on virtual banks, evaluating their impact and proposing a name change to 'Digital Banks'. (Read More)

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Mox Bank to Launch Crypto Investment Services

Hong Kong-based virtual bank Mox Bank has recently announced plans to introduce cryptocurrency investment services in the second half of 2024, providing customers with access to popular digital assets such as Bitcoin and Ethereum. (Read More)

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First Virtual Banks By 2025 From Bank Of Thailand

Bank of Thailand will enable virtual banks for the first time. Financial businesses will provide services by 2025. The move boosts competitiveness and Thailand's economy. The licensing structure will regulate and supervise virtual banks like regular commercial banks. (Read More)

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JP Morgan emerges as first bank to enter the metaverse with a virtual lounge

JP Morgan, the largest US bank, has opened the Onyx lounge in Decentraland, making it the first lender in the metaverse. The virtual lounge is the bank’s first foray into the virtual world. Oynx is the name of JP Morgan’s permissible Ethereum-based services. The virtual lounge bears the same name, and it allows institutions and […]

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Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services

ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong Kong Hong Kong’s first [...]

The post Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services appeared first on Crypto Breaking News.

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Hong Kong virtual bank to offer crypto conversions and accounts: Report

The account services for crypto firms come at a time when United States-based companies are struggling to find local banking partners and are frequently looking abroad.

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