Swiss crypto bank AMINA Bank AG has secured regulatory approval from Hong Kong authorities to offer institutional-grade crypto trading and custody services—becoming the first international bank fully authorized to operate in the city. The license covers 13 assets, including BTC, ETH, USDC, and major DeFi tokens.

VECS Commentary:
This is genuinely encouraging: regulation is evolving from a barrier into a foundation for a healthy, inclusive digital finance ecosystem. AMINA’s approval reflects Hong Kong’s growing maturity in balancing innovation with oversight—a model worth emulating. Yet long-term success hinges not just on granting licenses, but on consistent enforcement, operational transparency, and strong collaboration among regulators, financial institutions, and industry players. Without these, licenses risk becoming mere rubber stamps that erode market trust. This is a forward step—not the finish line.

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