Hong Kong Hang Seng Bank: Virtual asset companies can open simple accounts after obtaining in-principle approval for licenses from the Securities and Futures Commission

ChainCatcher news, according to a report by the Hong Kong Economic Journal, Lam Yin-sheng, the Director of Commercial Banking at Hang Seng Bank, stated that the Monetary Authority encourages banks to actively address the development of virtual assets. Hang Seng will also follow the general direction. After a company receives the principle approval (AIP) from the Securities and Futures Commission, it can open a simple account. However, Lam Yin-sheng mentioned: "Currently, we have not received many inquiries, as it is indeed not easy to obtain AIP approval."