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The Hong Kong unit of China’s state-owned Bank of Communicatio | GemHiveDao Channel Trading (FREE)

The Hong Kong unit of China’s state-owned Bank of Communications is working with cryptocurrency companies licensed in the city.

Earlier, the Legislative Council passed amendments to the anti-money laundering and anti-terrorist financing system that would establish a licensing system (VASP) for virtual asset service providers. The law will take effect on June 1, 2023.

https://www.wsj.com/articles/hong-kong-banks-are-netting-crypto-customers-as-citys-push-gains-steam-ccb5811f