ZA Bank has been granted a Type 1 license by the Securities and Futures Commission as Hong Kong’s first digital bank! 🎉

- The bank will be able to add new conditions for virtual asset transactions.

- This step comes after Hong Kong’s strict crypto regulations.

- CEO Rockson Hsu stated that they plan to offer investment fund services.

However, there are many companies that have difficulty obtaining licenses. Things don’t seem to be going well in the crypto world...