Bank of Asia Introduces Top Ten Crypto Global Exchange to BVI

HONG KONG, November 24, 2022 /PRNewswire/ — Tortola, British Virgin Islands: Bank of Asia continues to support the diversification of the BVI financial services sector by introducing one of the largest globally recognized stock exchanges to the jurisdiction. Huobi Group (“Huobi”), one of the world’s leading digital asset service providers, has obtained approval from the Financial Services Commission (“FSC”) of the British Virgin Islands (“BVI”), to operate a licensed virtual asset exchange under its subsidiary Brtuomi Worldwide Limited (“BWL”).

BOA Investment Services Limited (BOAISL), a wholly owned subsidiary of Bank of Asia (BVI) Limited, arranges agreements and supports consultancy services with its strategic partners. BOAISL successfully managed the BWL licensing process, including joining the BVI regulatory sandbox with its strategic partner, GoldLeaf Consulting. The team navigated its license as a Crypto exchange under the Securities and Investment Business Act. Bank of Asia looks forward to the highly anticipated virtual asset legislation and continues to contribute to the thriving digital asset industry at BVI.

Commenting on the license approval, the Vice President Lorna Smith, OBE, observed that granting this license with the professional support of BOA firmly positions the Bank as a leader in the field of digital assets as BVI strives to further diversify its financial services offerings. She also observed that the approval of the BWL license only came after a thorough review of its practices by the BVI Financial Services Commission, which should give future clients full confidence in the integrity of the license. Sotck exchange.

President Lisa Lou recognized the Bank’s ability to Asia to provide services beyond traditional banking services. Bank of Asia has reached clients in over 80 jurisdictions and offers an unrivaled range of services.

vice president Deon Vanterpool hailed the license as a pioneering project to change the face of BVI Financial Services and usher in a new era. The regulatory sandbox and licensing process was a learning experience for all involved and enhanced synergy for all parties. He praised the regulator for taking a thorough yet practical approach to overseeing and evaluating the crypto exchange.

About the Bank of Asia (BVI):

Bank of Asia (“BOA”) is incorporated and authorized in the British Virgin Islands (“BVI”) with a general banking license. Today, it provides banking services to its customers in 80 jurisdictions on five continents. Bank of Asia offers banking and asset management services to corporations, high net worth individuals, family offices and trusts around the world, particularly those with interests in offshore jurisdictions, through its digital platform.

In addition to general banking services such as multi-currency deposits and loans, cross-border payments and remittances, it also provides investment banking, business advisory and structured finance, private banking, insurance, investment and asset management through its business partners. . Bank of Asia has a robust KYC/AML regime including many of the world’s leading anti-money laundering solutions. With teams in the BVI, hong kong, beijing, Manilaand LondonBOA has built a world-class cloud-hosted fintech banking platform.

The Bank’s vision is to changing the way people bank by providing cost-effective, efficient and user-friendly FinTech solutions, underpinned by innovative technologies and robust quantitative analytics in the Know Your Customer and Anti Money Laundering process.

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