HSBC Hong Kong responds to the difficulty of opening accounts for encrypted companies: they can open accounts after obtaining a license and passing KYC and AML reviews

Odaily Planet Daily News In response to "the Hong Kong Special Administrative Region government hopes to expand the virtual asset industry and build a good ecosystem in Hong Kong, but there are reports that technology companies face difficulties in opening bank accounts", Lin Huihong, Chief Executive of HSBC Hong Kong, responded that he does not Eliminate misunderstandings in communication between operators and banks, while the Monetary Authority and the Securities Regulatory Commission have set a clear framework to obtain licenses when certain conditions are met, and can know your customer (KYC) and anti-money laundering (AML) through HSBC Naturally, you can open an account with the bank. As for any complaints (noise) in the market, you should check with the operator whether it complies with the regulatory framework. (Letter)