Hong Kong's Securities and Futures Commission (SFC) has granted ZA Bank, a virtual bank based in Hong Kong, the green light to trade virtual assets. This is reported by the Hong Kong media outlet Economic Journal (hkej). ZA Bank becomes one of the first banks in Hong Kong to receive such approval from the SFC. The move is a significant step towards the establishment of a robust virtual asset trading ecosystem in the city. The SFC's approval is a testament to ZA Bank's commitment to compliance and its strong track record of innovation in financial services. The bank's virtual asset trading platform is expected to offer a safe and secure environment to buy, sell, and hold digital currencies. The launch of ZA Bank's virtual asset trading services is expected to increase institutional interest in digital currencies and further develop Hong Kong as a major hub for virtual asset trading in Asia.