HK Regulators: Crypto-Banker Speed Dating
Hong Kong's regulators are playing matchmaker by setting up a round-table on April 28 for crypto firms and bankers. The goal? Help Hong Kong become a hub for virtual assets while overcoming those pesky banking hurdles.
The HKMA and SFC will host this "ice-breaker" event, hoping that sharing experiences will lead to blossoming banking relationships. With strict KYC and AML rules and a string of US crypto-friendly bank collapses, it's been tough for crypto firms to find their banking soulmates.
But here's a plot twist: Chinese state-owned lenders are suddenly showing interest in the crypto sector. Love is in the air, people!
But here's a plot twist: Chinese state-owned lenders are suddenly showing interest in the crypto sector. Love is in the air, people!
