KUALA LUMPUR, Dec 4 (Bernama) — The Labuan Financial Services Authority (Labuan FSA) has officially approved and issued the Digital Banking Finance License to Asia Digital Bank (AsiaDB). So far this is the first Digital Banking (Investment Bank) License issued by Labuan FSA. AsiaDB will now strive to establish its digital presence in Malaysia while facing outwards to the ASEAN countries as well as the global economies. This will help shape the new structure of digital finance innovation and economic development in the post-pandemic era.
Asia Digital Bank in a media release today announced the good news to the financial world. Asia Digital Bank CEO Chris Wang said that AsiaDB aims to construct a world-leading digital asset trading and self-financing platform, and to promote the transformation of the traditional financing into a comprehensive digital finance ecosystem.