Crypto-friendly ZA Bank considers opening physical branches in Hong Kong: report
ZA Bank, a digital neobank offering crypto trading, is reportedly considering physical branches in Hong Kong following new HKMA rules.
Hong Kong‘s digital banks are exploring the possibility of opening physical branches as the local regulator introduced new rules allowing them to do so, the South China Morning Post has learned.
According to the report, WeLab Bank, Mox Bank, and crypto-friendly ZA Bank, are among the banks considering setting up physical locations. The new Hong Kong Monetary Authority rule permits digital banks to operate a limited number of physical branches.
ZA Bank, the largest digital bank in the city, supported the introduction of physical branches, with a spokesperson for the bank told SCMP…
