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Hong Kong Urges Major Banks to Embrace Crypto Exchanges as Clients

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Source: Cointelegraph
Hong Kong Urges Major Banks to Embrace Crypto Exchanges as Clients
Photo: Cointelegraph
TL;DR

Hong Kong is welcoming crypto exchanges and establishing a regulatory framework for stablecoins, while Bank of China has tokenized $28 million in debt notes on the Ethereum blockchain. Meanwhile, Do Kwon, CEO of Terraform Labs, and his CFO have been ordered back to jail in Montenegro pending extradition proceedings to South Korea for their role in the $40 billion collapse of the Terra Luna ecosystem. In South Korea, crypto lenders Haru Invest and Delio have paused withdrawals due to suspected fraud, causing concerns of contagion in the industry.

Topics:businesscryptocurrency#bank-of-china#cryptocurrency#do-kwon#haru-invest#hong-kong#south-korea
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  1. Korean crypto contagion, Bank of China on Ethereum, HK's exchange red carpet: Asia Express  Cointelegraph
  2. Hong Kong Put Pressure on 3 Major Banks to Take On Crypto Exchanges as Clients: Report  CoinDesk
  3. Hong Kong Pushes Banks to Offer Services to Crypto Firms to Build Hub  Bloomberg
  4. Hong Kong Authorities Banks To Embrace Crypto Clients  Bitcoinist
  5. Hong Kong Regulator Admits to Pressuring Major Global Banks to Onboard Crypto Exchanges As Clients: Report  The Daily Hodl

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