As the city strives to become an international crypto powerhouse, Hong Kong regulators are organising a second meeting in less than two months to push banks to supply services to virtual-asset firms.
Bloomberg News reported that top financial regulators convened a conference on Monday to bring together banks, crypto platforms, and other industry participants, citing people familiar with the subject who asked not to be identified because they were discussing a private matter.
According to Bloomberg News, the debate will centre on how to address chronic obstacles that crypto companies experience when acquiring bank accounts.
It will be the second gathering since late April to urge for increased bank participation, highlighting the difficulty crypto companies face in obtaining banking services.
The Hong Kong Monetary Authority, according to a spokeswoman who talked to Bloomberg News, “has maintained close dialogue with the banking industry and relevant stakeholders on various topics from time to time.”