ZhongAn Bank: Will limit customers' holdings of cryptocurrency assets to less than 20% of their total investment assets
ZhongAn Bank today on the line of cryptocurrency trading services, according to the bank's acting CEO Wu Zhonghao revealed that the service is open to all Hong Kong residents of the customer, the customer must hold a qualified Hong Kong identity card and address proof and telephone, and after threat and risk assessment, in order to protect the safety of customer assets, will limit its holdings of cryptocurrency assets accounted for its total investment assets within 20%.
According to Ding Zhaofei, chief analyst of HashKey Exchange, which provides custodial trading and clearing support for user assets for ZhongAn Bank, the exchange is in talks with other leading banks, brokerages and funds about such partnerships.