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ZhongAn Bank: Will limit customers’ holdings of cryptocurrency assets to less than 20% of their total investment assets
Editor
2024-11-25 14:02:01 946
Golden Finance reported that Zhongan Bank launched cryptocurrency trading services today. According to the bank’s interim CEO Wu Zhonghao, the service is open to all Hong Kong resident customers. Customers must hold an eligible Hong Kong ID card, proof of address and telephone number. After risk assessment, in order to ensure the safety of customer assets, the proportion of cryptocurrency assets held by them will be limited to less than 20% of their total investment assets. According to Ding Zhaofei, chief analyst of HashKey Exchange, which provides custody trading and clearing support for user assets for Zhongan Bank, the exchange is negotiating such cooperation with other leading banks, securities firms and funds.
Keywords: Bitcoin
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