Hong Kong Convenes Meeting To Promote Finance For Crypto Firms From Banks

 to Bloomberg, regulators in Hong Kong, China, are calling for meetings between crypto firms and bankers to create financial conditions for the industry to make the region a crypto hub. The roundtable will be held at the Hong Kong Monetary Authority on April 28 “to facilitate face-to-face dialogue” and “share experiences and practical views on opening and maintaining bank accounts.” goods,” according to event details obtained by the news agency. The conference will be co-hosted by the Hong Kong Monetary Authority and the Securities and Futures Commission, two regulatory bodies that oversee stablecoin and cryptocurrency exchanges. As mentioned earlier, last year, Hong Kong revealed plans to turn itself into a hub for digital assets and thrive on Web3 technology. At the same time, China still has its tightening policies on digital assets. The company also provides virtual asset services and mining operations. The idea was also tacitly endorsed by the Beijing government as the Hong Kong branches of the Bank of Communications of China, Bank of China, and Shanghai Pudong Development Bank.

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