TechFlow News: On January 26, according to the Hong Kong Economic Journal, Hong Kong-based digital bank Mox Bank announced it has received regulatory approval to upgrade its Type 1 license, enabling it to offer virtual asset trading services to customers via integrated accounts. However, at this stage, only U.S. dollar–denominated transactions in Bitcoin (BTC) and Ethereum (ETH) are supported. Trading fees are tiered across four membership levels: the entry-level Basic membership incurs a 1.25% commission on virtual asset trades, while the top-tier Elite membership pays just 0.5%.
Reportedly, Mox Bank is the second digital bank in Hong Kong approved for virtual asset trading. Previously, ZA Bank launched its cryptocurrency trading service in July last year, supporting transactions in Hong Kong dollars or U.S. dollars for BTC, ETH, SOL, LINK, and other cryptocurrencies.
