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Labuan FSA issued Digital Bank License to Asia Digital Bank

Director-General of Labuan FSA, Mr Danial Mah Abdullah is officially handing over the Digital Bank License of Asia Digital Bank to the Director of Nanjing Local Financial Supervision Bureau, Mr Liu Yongbiao.

Asia Digital Bank was established by APIB and was officially approved with the Digital Bank License by Labuan FSA on 28th Nov 2019. It aims to create the world’s first digital bank that provides a self-financing services system based on blockchain technology, to promote the transformation of traditional finance to inclusive finance, digital finance, and lead the trend of digital tokenization of physical assets.

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