Hong Kong’s Crypto Revolution: Billionaire’s Virtual Bank Takes Over

Hong Kong’s leading digital bank, ZA Bank, is venturing into the transfer of both cryptocurrency and traditional currency, aiming to cater to the growing digital asset industry in the city. What Happened: Co-founded by Chinese billionaire Ou Yaping and others, the bank plans to facilitate token-to-fiat currency exchanges through licensed platforms, its CEO Ronald Iu told Bloomberg in an interview.