Hong Kong_s Leading Digital Bank, ZA Bank, Paves The Way for Virtual Asset Trading

In a significant move, Hong Kong_s largest digital bank, ZA Bank, has received approval from the Hong Kong Securities and Futures Commission (SFC) to offer retail virtual asset trading. Collaborating with licensed virtual asset exchanges, the bank aims to obtain regulatory clearances to enable customers to trade virtual assets using fiat currency within their ZA Bank App. This strategic initiative aligns with the bank_s future plans to facilitate United States stock trading. The SFC_s forthcoming guidelines on asset custody safety and cybersecurity standards, effective from June, signal a crucial step towards regulating the sector.