HSBC Hong Kong launched crypto services soon after local regulators forced banks to accept crypto exchanges as clients.
1.7 million active mobile customers as of March 2022. About 95% of all retail transactions of HSBC in Hong Kong are reportedly processed online.
HSBC Hong Kong did not immediately respond to Cointelegraph’s request for comment. This article will be updated pending new information.The new services come alongside HSBC reportedly launching the Virtual Asset Investor Education Center. The initiative is designed to protect investors from cryptocurrency-related risks, requiring them to read and confirm educational materials and risk disclosures before starting investing.
The education center is reportedly available on HSBC’s virtual asset-related products like HSBC HK Easy Invest app, HSB CHK Mobile Banking app and online banking. The news comes soon after some media reports suggested in mid-June that the Hong Kong Monetary Authority as clients. The region’s central bank and regulator specifically questioned companies like HSBC and Standard Chartered why they were not taking any crypto exchanges as clients.
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