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Hong Kong's Mox Bank Blocks User Accounts Involved in Crypto Transactions

Hong Kong-based online bank Mox Bank has blocked some user accounts that were previously involved in crypto transactions, with some customers complaining that they had nothing to do with digital currencies. Although the virtual bank has started to review the issue, some users have filed an official complaint with the Hong Kong Monetary Authority. Mox Bank has stated that the affected accounts are currently under review while customer rights are being protected.

This incident has nothing to do with data breaches, the bank said. Last month, Mox Bank was granted a securities license by Hong Kong’s Securities and Futures Commission, allowing it to offer US equity trading services in the region.

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