Hong Kong’s central bank has reportedly been pressuring major banking institutions including HSBC, stanchart and the Bank of China to take on crypto exchanges as clients.
The Hong Kong Monetary Authority , which serves as the region's central bank and regulator, has reportedly put pressure on major banks including HSBC and Standard Chartered to accept crypto exchanges as clients.from the Financial Times, which cited three sources familiar with the matter, the HKMA questioned the UK-based firms as well as the Bank of China in a May meeting — asking the institutions why they weren’t taking on cryptocurrency exchanges as clients.
Hong Kong’s pro-crypto pressure comes amid a turbulent regulatory environment for exchanges in the United States.
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