TechFlow reports that in response to concerns about "the SAR government's desire to expand the virtual assets industry and build a healthy ecosystem in Hong Kong, but some tech companies facing difficulties when opening bank accounts," HSBC Hong Kong CEO Linda Lau said misunderstandings may exist between operators and banks. She noted that the HKMA and SFC have established clear frameworks: operators meeting specific criteria can obtain licenses and, upon passing HSBC's Know-Your-Customer (KYC) and anti-money laundering (AML) checks, will naturally be able to open accounts with the bank. As for market complaints ("noise"), she suggested inquiries should be directed to the operators themselves to verify whether they comply with regulatory requirements.
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