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Hong Kong govt pressures banking giants to accept crypto clients: ReportThe central bank of Hong Kong has reportedly been pushing major banking institutions including HSBC, Standard Chartered and the Bank of China to start providing services to crypto exchanges. HSBC StanChart Less than a month before on April 27, the HKMA issued a circular to banking institutions urging them to pay attention to new market developments and encouraging them to adopt a more ambitious approach to new sectors such as the crypto market.
Source: Cointelegraph - 🏆 562. / 51 Read more »
First Mover Asia: Actually, Hong Kong Would Be a Terrible Home for CoinbaseHong Kong, with its rulebook and position as a fast-moving market hub in Asia, would be a logical place to move to. But the reality on the ground is that Hong Kong’s rulebook itself isn’t all that attractive to crypto exchanges. TheSamReynolds writes
Source: CoinDesk - 🏆 291. / 63 Read more »