On January 26, according to the Hong Kong Economic Journal, Hong Kong virtual bank Mox Bank has received regulatory approval to upgrade to a Type 1 license, allowing it to offer virtual asset trading services to clients through integrated accounts. Currently, however, it only supports USD trading of Bitcoin and Ethereum. Mox Bank's virtual asset trading platform partners with HashKey Exchange, while client virtual asset custodians HashKey Custody. Trading fees are divided into four membership tiers, with the lowest tier, Basic, charging 1.25% commission, while the highest tier, Elite, charges 0.5%.
Hong Kong-based virtual bank Mox Bank has been approved to upgrade to a Type 1 license, enabling it to trade Bitcoin and Ethereum in US dollars.
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