HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report
The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts.

Crypto companies in Hong Kong are having a difficult time getting corporate bank accounts despite the local government's push for the territory to become a crypto hub.
A report from the Hong Kong Economic Journal quotes the director of commercial and customer services at HSBC-owned Hang Seng Bank as saying that while licensed crypto companies can open a bank account, they’ll only be able to get a "simple" one. The report didn't say what services were excluded from such an account.
A spokesperson for HSBC did not immediately return a request for comment.
Crypto companies applying to operate in Hong Kong are struggling to open bank accounts due to limited staffing at the Securities and Futures Commission and reluctance from banks, even though there's no ban on them offering services to crypto firms, CoinDesk previously reported. The Hong Kong Monetary Authority (HKMA), the central bank, has urged major lenders including HSBC, Standard Chartered and Bank of China to accept crypto exchanges as clients.
“We have active dialogues with virtual asset players to exchange views on a range of topics, including but not limited to account opening," an HSBC spokesperson previously told CoinDesk. "We remain very engaged on policies and developments of this nascent industry in Hong Kong.”
A spokesperson for Standard Chartered told CoinDesk in a prior interview that it has "regular dialogue" with regulators on different subjects.
Currently, the only two virtual asset trading platforms licensed by Hong Kong’s security regulator are OSL and Hash Blockchain.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients

The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
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- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.











