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What banks in China support buying Bitcoin (Which banks can buy Bitcoin)

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What banks in China support buying Bitcoin? Currently, domestic banks support bu

What banks in China support buying Bitcoin (Which banks can buy Bitcoin)

What banks in China support buying Bitcoin? Currently, domestic banks support buying Bitcoin. Specifically, this includes: Industrial and Commercial Bank of China, Bank of Communications, China Postal Savings Bank, Construction Bank, Agricultural Bank, and China Merchants Bank, among others. These internet giants have jointly launched the concept of “digital wallets”. These applications have significant advantages and prospects in the payment and settlement field. With the continuous development and improvement of financial services, more and more institutions are starting to accept this asset category.

However, for the development of the cryptocurrency market, it is still in the very early stages. Mainstream media and some large enterprises are trying to find a way to allow users to easily hold or trade Bitcoin, and many unknown companies have entered the world of Bitcoin in this way. But from the current situation, which banks in China can provide this functionality? The following are a few worth paying attention to: In the credit platform under ICBC, customers can use BTC for wealth management investment in their accounts; the credit insurance products under Industrial Bank are for small and micro enterprises’ credit loan business; China Merchants Bank specifically provides services with collateral as guarantee for eligible individual investors; Tianxin Network Technology (Shanghai) Co., Ltd., a wholly-owned subsidiary of Ping An Group, is also a blockchain company.

Which banks can buy Bitcoin

According to bitcoin.com, a survey by the American Bankers Association found that more than one-third of the 100 mainstream financial institutions surveyed were large private investment banks (VCs). Only 5% of them were considered to have participated in cryptocurrency investments. According to statistics, the top five are Goldman Sachs, JPMorgan Chase, and Barclays Group. Major banks, including Wells Fargo, hold the most Bitcoin. Therefore, can these banks buy BTC and other virtual assets?

Here are the answers: Which banks can directly trade without affecting their business?

1) Citigroup, the world’s largest commercial bank; 2) Paris Stock Exchange; 3) Royal Bank of Canada; 4) European Central Bank; 5) Credit Suisse; 6) UBS Group; 7) Standard Chartered Bank; 8) Mitsubishi UFJ Financial Group in Japan;)

2) Deutsche Bank; %) German Joint Square Trust Fund Management Co., Ltd;)(https://www.tradingview.org/websites/en/bank-is-ableto-buy-cryptocurrency/

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