Blockchain and the Future of Banking Services in Hong Kong

The Hong Kong government has issued guidance on how virtual asset trading platforms can be regulated. The biggest problem is access to banking services for a lot of these virtual asset trading platform players and also the rest of the ecosystem, according to Foursquare's Andrew Lee. Local slash international banks like HSBC are interested in this area but will they go all the way to apply for a license? "I applied for about 15 to 20 different banks, rejected by all of them," he says.