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Asia Express: Bank of China Embraces Ethereum, Hong Kong Exchange Rolls Out Red Carpet Amid Korean Crypto Outbreak

Asia Express: Bank of China Embraces Ethereum, Hong Kong Exchange Rolls Out Red Carpet Amid Korean Crypto Outbreak

Hong Kong is encouraging major financial institutions to accept crypto clients, with the Hong Kong Monetary Authority pressuring them to do so. The government is also laying down a red carpet to boost the special administrative region’s Web3 industry, with politicians inviting global virtual asset exchanges to come to Hong Kong and apply for a compliant exchange. Meanwhile, Bank of China’s investment banking subsidiary, BOCI, has tokenised 200 million Chinese yuan ($28m) in digitally structured notes on the Ethereum blockchain, the first such move by a Chinese financial institution in Hong Kong.

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