ZA Bank, Hong Kong's largest virtual bank, has announced the launch of a new service that allows retail users to buy and sell Bitcoin and Ethereum using fiat money.
In order to use this service, Hong Kong residents must have an account with the bank and pass a risk assessment.
Currently, the bank only offers the ability to buy Ether and Bitcoin.
The bank has partnered with crypto exchange HashKey to comply with regulations and combine traditional banking with the world of cryptocurrencies.
Livio Weng, CEO of HashKey Exchange, has expressed his enthusiasm for the partnership and their joint goal to expand the Web3 ecosystem and offer varied financial services to its users.