Hong Kong Regulators Support Crypto Firms’ Banking Access in Pursuit of Becoming a Digital Asset Hub

In an effort to solidify its position as a center for virtual assets, Hong Kong is initiating a meeting between crypto firms and bankers. The gathering is being facilitated by the Hong Kong Monetary Authority and intends to promote constructive communication and exchange of experiences and views concerning the process of establishing and managing bank accounts. Both the HKMA and the Securities and Futures Commission, the primary supervisory bodies for stablecoins and crypto exchanges, will jointly lead the session on April 28.