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HSBC and Standard Chartered pressed by Hong Kong regulator to take on crypto clients

Hong Kong's banking regulator is pushing banks, including HSBC and Standard Chartered, to accept more crypto exchanges as clients, despite US regulators cracking down on the industry. This comes as Hong Kong is seeking to establish itself as a global centre for the crypto industry, despite a series

1 min read
  • Hong Kong's banking regulator wants HSBC and Standard Chartered to accept more crypto exchanges as clients.
  • Regulators are pushing for a developing digital assets industry in Hong Kong.
  • Banks are reluctant to take on crypto clients over money-laundering fears.
  • US regulators have recently sued Binance and Coinbase.
  • Hong Kong wants to re-establish itself as a hub for the crypto industry.
HSBC and Standard Chartered pressed by Hong Kong regulator to take on crypto clients
Regulators are pushing for banks to accept more exchanges as clients in quest to develop digital assets industry
Financial TimesEleanor Olcott

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