๐ Hong Kong Urges HSBC and Standard Chartered to Support Cryptocurrency Exchanges
๐ 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.
๐ฆ 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.