Hong Kong based crypto lending firm PawnHub receives 1st license from HK gov. for crypto lending

posted 4 months ago
Crypto lending platform PawnHub is now the first company to receive a license from the Government of Hong Kong that will allow the firm to expand its crypto-lending services in the country. The firm plans to partner with a leading US-based cryptocurrency custodian to offer insurance coverage on clients’ Bitcoin assets worth up to $100 million anywhere in the world.

The official press release stated “Crypto lending is fast becoming an integral part of the crypto ecosystem with PawnHub being the first regulated crypto lending firm to be based in Asia... The innovative business model of PawnHub brings to the Bitcoin community the best of both worlds, by allowing them to retain ownership of their crypto assets while having immediate access to liquidity.”
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