Mongolia’s main bank to offer cryptocurrency services
Trade and Development Bank partnered with two companies to offer custody, deposit, remittance and loan services for digital assets
The Mongolian Trade and Development Bank announced that it will start offering cryptocurrency services, in the hands of two private companies.
Thanks to the blockchain startup Hexland and the technological Delio, the financial institution will be able to enter the financial market of virtual assets, taking advantage of the largest possible amount of resources.
This is how this institution will soon begin to offer cryptoservices that include custody, remittances, deposits, loans and crypto asset management.
Mongolia has been taking action in the crypto sphere since 2018. That year, various outlets reported that the country’s largest mobile telecommunications operator had become the first licensed Mongolian entity to issue its own digital currency.
K. Tovar
Source: Cointelegraph
