Hong Kong’s banking regulator said on Thursday it had, in April, asked lenders operating in the region to try and meet the business needs of licensed crypto exchanges, responding to a report saying banks were under pressure to take such exchanges on as clients.
The Hong Kong Monetary Authority’s (HKMA) comments were in response to a Financial Times report which said lenders including HSBC (HSBA.L) and Standard Chartered (STAN.L) were facing pressure from Hong Kong’s central bank to take on crypto exchanges as clients.
Read More : Hong Kong Stresses Banks’ Responsibility to Support Licensed Crypto Exchanges