Eternal has officially announced a strategic partnership with Hong Kong’s ZA Bank by signing a partnership agreement, according to official sources.
On June 1 this year, Hong Kong’s new regulations on virtual asset trading, the Guidelines Applicable to Operators of Virtual Asset Trading Platforms, officially came into force, and the application for the operating license of virtual asset trading platforms began, marking significant progress in Hong Kong’s vigorous efforts to build a global virtual asset center.
As a licensed Bank in Hong Kong, ZA Bank has previously submitted regulatory approval to the Hong Kong Government to launch a virtual asset trading service for retail investors, allowing them to buy and sell virtual assets using legal tender via the ZA Bank App.
Eternal is a computing products subsidiary of BitFarms, a listed mining company in the United States. It is the world’s first decentralized cloud computing platform endorsed by listed companies backing physical mines. In the future, Eternal will continue to expand its ecosystem and become a comprehensive Web3.0 platform integrating computing, financial management, NFT, metauniverse and fintech.
This strategic cooperation is an important step for Eternal to promote its development in the Asia Pacific market. It will promote the development of computing products within the compliance scope of the Asia Pacific region.