🗞 Hong Kong Urges HSBC and Standard Chartered to Support Cryptocurrency Exchanges
🌐 Hong Kong has recently joined regions that have chosen a regulatory approach to support the cryptocurrency industry. Additionally, organizations operating in the region have also been encouraged to adopt the same approach.
🏦 In the case of Hong Kong, it has been reported that the government has urged HSBC and Standard Chartered to accept cryptocurrency exchanges as clients. According to reports, during a meeting last month, the Hong Kong Monetary Authority (HKMA) raised questions to the British banks and the Bank of China regarding their reluctance to accept cryptocurrency exchanges as clients.