Published on November 19th, 2017 | by bitcoin0
Hong Kong Banks Lock Bitcoin Businesses Out
Hong Kong legacy banking outlets are making it difficult, if not impossible, for bitcoin-related businesses to run smoothly.
Gatecoin is a cryptocurrency for fiat exchange based in Hong Kong.
Founder George Harrap emphasized, “Banking is a prized commodity in the bitcoin space.” Like other bitcoiners in Hong Kong, they’ve had to turn to Europe for relief.
“The few that do have bank accounts are trying to be as cautious as possible,” Hong Kong Bitcoin Association president Leo Weese said.
The Hong Kong Monetary Authority “dismissed claims that a high number of businesses failed to open bank accounts,” the article insists.