{"id":381782,"date":"2023-03-27T12:51:07","date_gmt":"2023-03-27T12:51:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=381782"},"modified":"2023-03-27T12:51:07","modified_gmt":"2023-03-27T12:51:07","slug":"china-state-owned-banks-commence-offering-services-to-local-crypto-firms-in-hong-kong","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/china-state-owned-banks-commence-offering-services-to-local-crypto-firms-in-hong-kong","title":{"rendered":"China State-Owned Banks Commence Offering Services To Local Crypto Firms In Hong Kong"},"content":{"rendered":"
The Chinese state-owned banks offer services to local crypto firms in Hong Kong as the city embraces a crypto-friendly regulatory stance.<\/p>\n
Despite the ongoing crypto ban in China, most Chinese state-owned banks have extended crypto-friendly aid to\u00a0 Hong Kong companies. This comes after a report<\/a> from Bloomberg<\/em> asserted that several Chinese state-owned banks have commenced offering services to local crypto firms in Hong Kong. This is a clear indication that the move by Hong Kong recently<\/a> to become a digital asset center has been backed up by Beijing.<\/p>\n Crypto firms rushing into Hong Kong are finding a surprising source of potential support: China\u2019s state-owned banks https:\/\/t.co\/Q3txZOMr5r<\/a><\/p>\n — Bloomberg Crypto (@crypto) March 27, 2023<\/a><\/p><\/blockquote>\n\n