“The city’s digital assets regulation is overall friendly and encourages banks to work with crypto companies, however, banks still currently have stringent requirements in place which makes it difficult for crypto businesses to expand and grow,” Adrian Wang, CEO of Metalpha Technology, a Hong Kong-based digital assets wealth management company, said to CoinDesk. “We have yet to see major progress in the banking sector to embrace crypto. Hopefully, that will change soon.”
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- Source: https://www.coindesk.com/markets/2023/03/28/first-mover-asia-chinas-state-owned-banks-are-soliciting-hong-kong-crypto-business-but-opening-an-account-is-hard/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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