Hong Kong Authorities Are Confronting The Banking Challenge Facing Crypto Firms

Last updated: June 9, 2025, 12:23

Hong Kong Authorities Are Confronting The Banking Challenge Facing Crypto Firms

The Hong Kong Monetary Authority

Hong Kong Authorities are Confronting the Banking Challenge

The Hong Kong Monetary Authority warned that some crypto firms are inappropriately using the term bank to describe their service offerings.

According to sources familiar with the matter and a letter, the Hong Kong Monetary Authority (HKMA) is applying pressure on HSBC, Standard Chartered, and the Bank

Cetoex News

Cetoex News – As various nations are seemingly cracking down against the industry, Hong Kong authorities are confronting the banking challenge that is facing a plethora

Hong Kong regulator issues warning against crypto firms parading

Banks should support regulated virtual-asset businesses with “their legitimate need for bank accounts” in the city, the Hong Kong Monetary Authority said in a

HSBC and Standard Chartered pressed by Hong Kong

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