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China Merchants Bank unit ventures into crypto through Hong Kong gateway

News Snapshot:

Mainland China’s crypto freeze hasn’t stopped its financial giants from wading in where regulators allow. CMB International Securities, a subsidiary of the $1.7 trillion China Merchants Bank, has launched a crypto exchange in Hong Kong. Summary CMB International Securities, a China Merchants Bank subsidiary, launches a licensed crypto platform in Hong Kong. The service allows qualified investors to trade Bitcoin, Ethereum, and USDT following SFC approval. Hong Kong’s regulatory framework offers a legal on-ramp for Chinese institutions despite mainland crypto bans. On August 18, CMB International Securities flipped the switch on its newly licensed crypto trading platform, allowing qualified investors…

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