Hong Kong authorities issue notice of disruption at local banks

The Hong Kong Monetary Authority, the region's de facto central bank, has issued a notice warning residents that "some banks have to suspend services at certain branches due to vandalised facilities and traffic disruptions."

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

The regulator is advising bank customers to use online banking of ATM services instead. "Recent incidents of vandalism and arson attacks have seriously affected the use of banking services by the public," the notice reads.

Last week, The Block reported on the sharp increase in LocalBitcoins volumes in Hong Kong. Hong Kong protestors have been rallying since June when the general public started opposing a bill that could have allowed the extradition of those convicted of crimes to mainland China and Taiwan. While the bill has been withdrawn, the protests are still ongoing.

About Author

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

More by Steven Zheng