HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report

Crypto corporations making use of to function in Hong Kong are struggling to open financial institution accounts as a consequence of restricted staffing on the Securities and Futures Fee and reluctance from banks, although there isn’t any ban on them providing companies to crypto companies, CoinDesk beforehand reported. The Hong Kong Financial Authority (HKMA), the central financial institution, has urged main lenders together with HSBC, Commonplace Chartered and Financial institution of China to just accept crypto exchanges as purchasers.