Wall Street Journal: Bank of Communications Hong Kong subsidiary is cooperating with a number of Hong Kong licensed crypto companies / Hong Kong Style · Summer Lale · Wind Web3

According to the Wall Street Journal, citing several cryptocurrency companies, the Hong Kong subsidiary of Bank of Communications Co., Ltd. is working with a number of cryptocurrency companies licensed in Hong Kong and is in talks with other regulated companies to open accounts for them. Previously, on April 14, HashKey PRO has established partnerships with Hong Kong ZA Bank and Bank of Communications (Hong Kong) as settlement banks to provide legal tender deposit and withdrawal services. (PANews report)

The Hong Kong government is currently investing in the blockchain, crypto and Web3 pilot projects, and there will be multi-party cooperation and exploration opportunities in the early stage, and there may be more uncertainty. How to strike a balance between supervision, financial flow, and innovative services is not easy, risk concepts vary from person to person, adapt to local conditions at times, and have a high degree of flexibility to adapt to external changes is the best solution at this time (?). As a Chinese financial center, Hong Kong also wants to Lale talk in Hong Kong Central and Tsim Sha Tsui, whether Laleverse HK chapter should be launched, Hong Kong is winding. (SDChain report)

SixDomainChain (SDChain) is the world’s first decentralized public blockchain ecosystem that integrates international standards of IoT Six-Domain Model and reference architecture standards for distributed blockchain.