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TechFlow reports, according to the Hong Kong Economic Times, the Hong Kong Monetary Authority launched a one-month consultation on April 30 regarding renaming "virtual banks" to "licensed digital banks," involving eight virtual banks, the Hong Kong Association of Banks, and the Association of Restricted License Banks and Deposit-taking Companies in Hong Kong.
According to the Hong Kong Economic Times, the Hong Kong Monetary Authority (HKMA) launched a one-month consultation on April 30 with eight virtual banks, the Hong Kong Association of Banks, and the Association of Licensed Money Lenders and Deposit-taking Companies on renaming "virtual banks" to "licensed digital banks."
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