Retail users in Hong Kong can now buy Ether and Bitcoin through Hong Kong’s largest virtual bank, however, they need an account and to undergo a risk assessment first.
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The trading platform highlighted that investors can deposit and withdraw UAE dirhams using their local bank accounts.
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HKVAX is the first to be licensed under the region’s new licensing regime, as 16 more exchanges wait.
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Previously, Hong Kong crypto buyers worth less than $1 million only had Bitcoin and Ether to choose from.
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DBS, the largest bank in Southeast Asia, is planning to launch crypto trading for retail investors this year, the bank’s CEO has revealed. He added that in the first half of this year, DBS will focus on making “access to digital assets a lot more convenient.” DBS Bank to Offer Crypto Trading to Retail Customers […]
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Only millionaires will be allowed to trade Bitcoin and cryptocurrencies in Hong Kong if the FSTB proposal is passed by the city’s legislature.
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