Hong Kong as Crypto BTC Hub? The Metropolis’s Strict Banking Necessities Might Be an Impediment



“Town’s digital belongings regulation is general pleasant and encourages banks to work with crypto corporations, nevertheless, banks nonetheless presently have stringent necessities in place, which makes it tough for crypto companies to increase and develop,” Adrian Wang, founder, and CEO of Metalpha, a Hong Kong-based digital belongings wealth administration firm, mentioned to CoinDesk on the time. “We’ve but to see main progress within the banking sector to embrace crypto. Hopefully, that can change quickly.”

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