Hong Kong as Crypto BTC Hub? The City’s Strict Banking Requirements May Be an Obstacle

“The metropolis’s digital belongings regulation is total pleasant and encourages banks to work with crypto firms, nevertheless, banks nonetheless presently have stringent necessities in place, which makes it tough for crypto companies to develop 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 have yet to see major progress in the banking sector to embrace crypto. Hopefully, that will change soon.”