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 jointly established by APIB and Xiaomi Kingsoft Cloud Co., Ltd., 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.
Note: Mr Danial Mah Abdullah, Director-General of Labuan FSA (left) is handing over the Digital Bank License of Asia Digital Bank to Mr Liu Yongbiao, the Director of Nanjing Local Financial Supervision Bureau (right).
