According to ChainCatcher, the Hong Kong Securities and Futures Commission (SFC) has allowed ZA Bank to add virtual asset trading conditions to its type 1 license, which means that it can trade cryptocurrencies.

A spokesperson for ZA Bank said that ZA Bank has obtained approval from the SFC to allow the company to add virtual asset trading conditions to its type 1 license, which is a major breakthrough for the company and the entire industry. The bank will actively prepare for relevant sandbox tests.