Standard Chartered Hong Kong CEO: Set Up Specific Framework for Virtual Asset-related Account Opening with Successful Cases

According to the Sing Tao Daily, Bill Winters, CEO of Standard Chartered Bank in Hong Kong, stated that the bank views virtual assets as an essential part of the future in the financial sector.

The bank has established a specific framework for opening crypto accounts. As long as the relevant company meets the due diligence, anti-money laundering, and risk management requirements, accounts will be opened. The bank has already seen successful cases. However, Winters added, “If it involves cryptocurrencies without any underlying support, Standard Chartered will be more cautious with these companies.”