Leading Chinese banks support crypto companies based in Hong Kong: Report

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Von Krypto News Österreich

Die Tochtergesellschaften einiger der größten chinesischen Bankinstitute, darunter die Bank of Communications, die Bank of China und die Shanghai Pudong Development Bank, haben Berichten zufolge entweder begonnen, ihre Dienstleistungen Kryptowährungsunternehmen mit Sitz in Hongkong anzubieten, oder sich an sie gewandt. Die Sonderverwaltungsregion hat sich kürzlich zu einem Zentrum für digitale Assets entwickelt und zieht zahlreiche Branchenakteure an, sich in der Region niederzulassen. Ein Beispiel ist die Kryptobörse Huobi Global, die sich dort um eine Handelslizenz bemüht. Hat Hongkongs Krypto-Push Chinas Rückendeckung? Ein neuer Bloomberg Abdeckung enthüllte, dass die Hongkonger Zweige der Bank of Communications, der Bank of China und der …
The subsidiaries of some of the largest Chinese banking institutions, including the Bank of Communications, the Bank of China and the Shanghai Pudong Development Bank, have reportedly either started to offer their services, based in Hong Kong, or address them. The special administration region recently developed into a center for digital assets and attracts numerous industry actors to settle in the region. One example is the crypto tour Huobi Global, which is trying to do a trade license there. Has Hong Kong's crypto-push china backing? A new Bloomberg cover revealed that the Hong Kong branches of the Bank of Communications, the Bank of China and the ... (Symbolbild/KNAT)

The subsidiaries of some of the largest Chinese banking institutions, including the Bank of Communications, the Bank of China and the Shanghai Pudong Development Bank, have reported either to offer their services, based in Hong Kong, or themselves tortured.

The special administration region recently developed into a center for digital assets and attracts numerous industry actors to settle down in the region. One example is the crypto tour Huobi Global, which tries there for a trade license.

Has Hong Kong's crypto-push china backing?

A new Bloomberg Cover Unveiled that the Hong Conge of the Bank of Communications, the Bank of China and the Shanghai Pudong Development Bank had expressed strong interest in domestic crypto companies. People familiar with the matter announced that sales representatives even visited one of the institutions of a company of a company for digital assets to offer services.

Sung Min Cho-founder of the web3-focused company observed-said the support from Chinese banks means the local crypto company "A lot". Remember that the Chinese Central Bank and its government are loud critics of the Digital Asset Sector, prohibit in 2021.

A senior employee of a branch of a large Chinese bank in Hong Kong (whose identity was not announced) said that Beijing's positive attitude and the current uncertainty in the United States had given an opportunity to explore the market.

Cooperation with banks was a burden for most cryptocurrency companies worldwide, and many financial institutions are still hesitating. At the same time, some of the few who did this, like the Signature Bank and Silicon Valley Bank, based in the USA, had serious operational difficulties and were closed by the supervisory authorities at the beginning of this month.

Hong Kongs Ambitions

Although Hong Kong is China's special administrative zone, it seems to have a completely different point of view of digital assets.

His authorities previously showed intentions to legalize retail with cryptocurrencies and to impose a friendly regulatory framework for the sector.

This has attracted many organizations, including Huobi Global. A member of the platform advisory board - Justin Sun - said that a trade license had applied for wax dogs at Hong Kong and described the initiative as a "big step".

He also announced the opening of a new trading center in the region called Huobi Hong Kong, which "fully meet the local regulations and offer customers a number of retail pairs and services".

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