A few days ago, the Hong Kong Securities and Futures Commission (SFC) authorized the company ZA Bank to market virtual assets, an extension of its license. The bank is preparing its computer systems to carry out the necessary tests for its implementation.

This is good news since China is not very interested in losing part of the control that the state exercises over its financial system. And although Hong Kong has legislation that is a little different from China, we cannot forget that it depends on China for its legislation.

ZA Bank is one of the largest digital banks operating in Hong Kong. Founded in 2019 and with an operation without physical branches. A clear commitment to digital and virtual technology.

Many financial entities in the Asian area are carrying out tests and in some cases, offering cryptographic assets to their clients.

It seems that the future is gradually becoming clearer, soon we will see how carrying out investment operations in cryptocurrencies becomes something as easy and simple as buying public debt. Nowadays there is always a bit of danger when investing in virtual assets as the legislation is not clear and in some cases there is no legislation at all. An investment market so new that there are many scammers who come to see what they can get.

Any regulation, approval and control that is established will be welcome if it provides us with security and clarity.