On The Brink with Castle Island cover image

Weekly Roundup 04/28/23 (First Republic in trouble, Hong Kong embraces crypto, did crypto cause the banking crisis?) (EP.420)

On The Brink with Castle Island

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Hong Kong's Openness to Crypto Banking

The Hong Kong monetary authority said banks are explicitly allowed to service crypto customers. This is about as strong as an endorsement as you'll see from any regulator encouraging their banks to service crypto firms, says Andrew Keen. "It's just the diametric opposite of US policy where there's a strong discouragement for banks interfacing with crypto focus firms at all," he adds.

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