HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report

The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts.

• 2023-07-31
• Hong Kong Economic Journal Hang Seng Bank HSBC open bank accounts Hong Kong Hong Kong Monetary Authority customer services corporate bank accounts bank account

A New Crypto Banking System Arises Under the Shadow of a Regulatory Crackdown

(Bloomberg) -- Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto companies is taking shape amid an expanding crackdown on the industry in the US. Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech R

• 2023-06-09
• Signature Bank open bank accounts Bloomberg News Customers Bancorp Inc. bank account Bloomberg digital assets banking system deposit accounts industry participants

Banking challenges grow for Hong Kong's crypto firms after Silvergate, Signature closures, despite city's push to become hub

Cryptocurrency firms in Hong Kong have a headache: after the closure of the world's two biggest crypto-friendly banks, Silvergate Bank and Signature Bank, they are finding it even harder to open local accounts given that banks in the city are not keen to serve them, industry insiders said. Opening local bank accounts still remains a daunting task for many crypto firms in Hong Kong despite the government's push to make the city a virtual asset hub. The US Federal Deposit Insurance Corporation (FD

• 2023-03-17
• Hong Kong Silvergate Bank Signature Bank virtual asset open bank accounts

Crypto Scours the Globe for Banks to Replace Collapsed US Lenders

(Bloomberg) -- Crypto hedge fund executive Marco Lim spent Monday racing to open bank accounts in Hong Kong after the sudden collapse of three US lenders.Most Read from BloombergFDIC Auction for Failed SVB Underway, Final Bids Due SundayFed’s New Backstop Shields Banks From $300 Billion of LossesTreasuries Surge as Traders Recalibrate Rate Bets: Markets WrapSignature Seized by Regulators as Pain Spreads From SVB’s FallUS Discusses Fund to Backstop Deposits If More Banks FailThe hedge fund, MaiCa

• 2023-03-13
• Silicon Valley Bank Signature Bank Bloomberg open bank accounts digital assets Digital Asset Capital Management Hong Kong Silvergate Swiss bank Richard Galvin