Crypto in Hong Kong: Lawmaker Fights For Firms’ Easier Access to Banking

Quick Summary:

Hong Kong has been one of the world’s crypto-friendly regions, and so far, the region appears to continue to nurture this amiable relationship with the sector.

Recently, Hong Kong Legislative Council member Johnny Ng pressed for greater banking accessibility for crypto and Web3 firms in the region.

This initiative aims to remove any existing barriers between these crypto-related companies and the local banking services in the region, which seem essential for their operation, given their connection to financial services.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: HungaryHong Kong

Topics: Hong Kong and Crypto Crypto Advocate Crypto Crypto News Crypto Market Crypto industry Hong kong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-10 @ 13:00:12 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22006627

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 11 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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