Share this article

Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong

Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications.

Firms are subject to the whims of the bank account providers and end up dedicating resources to opening bank accounts. (Unsplash)
Firms are subject to the whims of the bank account providers and end up dedicating resources to opening bank accounts. (Unsplash)