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Hong Kong Regulators to Facilitate Meeting Between Crypto Firms and Banks Next Month

Hong Kong regulators are set to hold a roundtable meeting between Hong Kong-based crypto firms and bankers to ease financing for the sector. The meeting will take place on April 28 at the Hong Kong Monetary Authority and will facilitate "direct dialogue" and "share practical experiences and perspectives in opening and maintaining bank accounts." The HKMA and the Securities and Futures Commission will jointly hold the sessions, and these two regulators oversee crypto exchanges and stablecoins. Establishing banking relationships and offering corporate accounts to crypto firms with proper KYC and AML rules is a major challenge for Hong Kong regulators, but Chinese banks are extending help to Hong Kong-based crypto firms. (coingape)

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