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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.

Updated May 18, 2023, 12:51 p.m. Published May 17, 2023, 7:16 a.m.
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)