Ruan Guoheng, Vice President of the Hong Kong Monetary Authority: Ensure that VATP license applicants receive basic banking services

08/14 15:20

Ruan Guoheng, the Deputy Chief Executive of the Hong Kong Monetary Authority, said to reporters after the banking association meeting last week that if an institution wants to apply to the Hong Kong Securities and Futures Commission for a virtual asset trading platform (VATP) license, the Monetary Authority must ensure that the applying institution has access to basic banking services to assist the institution in the application process. If the relevant institution is ultimately granted a license, it can become a regulated institution. 

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