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HSBC Hong Kong Launches Cryptocurrency ETF Services for Local Customers

June 26 (Cointime) - HSBC, the largest bank in Hong Kong, has reportedly launched its first local cryptocurrency services, allowing customers to buy and sell Bitcoin and Ethereum-based exchange-traded funds listed on the Hong Kong Exchange.

The move aims to expand local users' exposure to cryptocurrencies in Hong Kong and comes alongside the launch of HSBC's Virtual Asset Investor Education Center, which requires investors to read and confirm educational materials and risk disclosures before investing.

The education center is available on HSBC's virtual asset-related products, including the HSBC HK Easy Invest app, HSB CHK Mobile Banking app, and online banking. The news follows reports that the Hong Kong Monetary Authority put pressure on major banks to accept crypto exchanges as clients.

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