Hong Kong as Crypto BTC Hub? The City’s Strict Banking Requirements May Be an Obstacle

“The town’s digital property regulation is general pleasant and encourages banks to work with crypto firms, nonetheless, banks nonetheless at the moment have stringent necessities in place, which makes it troublesome for crypto companies to increase and develop,” Adrian Wang, founder, and CEO of Metalpha, a Hong Kong-based digital property wealth administration firm, mentioned to CoinDesk on the time. “We’ve got but to see main progress within the banking sector to embrace crypto. Hopefully, that may change quickly.”