China Merchants Bank’s Brokerage Arm Scores Coveted Hong Kong Crypto License – Regulatory Green Light for Virtual Assets

Hong Kong's crypto landscape just got a major player. China Merchants Bank's brokerage subsidiary just bagged one of the city's precious virtual asset licenses—proving even traditional finance can't resist the siren song of blockchain.

Wall Street meets Web3: The license lets CMB's arm operate as a virtual asset trading platform, joining an elite club of regulated crypto players in Asia's financial hub. No more sneaking around with offshore accounts—this is institutional-grade crypto with a stamp of approval.

While mainland China keeps its crypto ban, Hong Kong's playing the long game. The city's regulators are betting that controlled adoption beats outright prohibition—and they might just be right. After all, nothing tempts bankers like a new asset class with bonus volatility.

One small step for compliance, one giant leap for crypto legitimacy. Just don't ask what happens when the next bull run collides with Hong Kong's know-your-customer rules.