HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report

Crypto companies applying to operate in Hong Kong are struggling to open bank accounts due to limited staffing at the Securities and Futures Commission and reluctance from banks, even though there’s no ban on them offering services to crypto firms, CoinDesk previously reported. The Hong Kong Monetary Authority (HKMA), the central bank, has urged major lenders including HSBC, Standard Chartered and Bank of China to accept crypto exchanges as clients.