Post

Hong Kong Put Pressure on Three Major Banks to Take On Crypto Exchanges as Clients: Report

Downvote
coindesk.com/policy/2023/06/15/hong-kong-put-pressure-on-three-major-banks-to-take-on-crypto-exchanges-as-clients-report

The Hong Kong Monetary Authority (HKMA) is putting pressure on HSBC, Standard Chartered and Bank of China to take on crypto exchanges as clients, the Financial Times reported on Thursday citing three people with knowledge of the matter and a letter.
"Due diligence on potential customers should not “create undue burden”, particularly “for those setting up an office in Hong…

This story from coindesk.com was posted on 2023-06-15 by @autumndew.

Comments

The Entire Business World on a Single Page. Free to Use →