Tag: Standard Chartered

Interesting: Hong Kong Regulator Presses Banks To Accept Crypto Clients To Become A Crypto Hub!

HKMA Charlene Lensburg - June 15, 2023

According to a Financial Times report, Hong Kong's banking regulator is exerting pressure on major lenders such as HSBC and Standard Chartered to accept crypto exchanges as clients, despite regulatory crackdowns on the industry in the U.S. In a meeting last month, the Hong Kong Monetary Authority (HKMA) questioned these UK-based banks and the Bank of China about their reluctance to work with crypto exchanges, according to three sources familiar with the matter.

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