The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.
Singapore’s central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts.
U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act.