Hong Kong as Crypto BTC Hub? The City’s Strict Banking Requirements May Be an Obstacle

“The city’s digital assets regulation is overall friendly and encourages banks to work with crypto companies, however, banks still currently have stringent requirements in place, which makes it difficult for crypto businesses to expand and grow,” Adrian Wang, founder, and CEO of Metalpha, a Hong Kong-based digital assets wealth management company, said to CoinDesk at the time. “We have yet to see major progress in the banking sector to embrace crypto. Hopefully, that will change soon.”