Virtual bank Mox Bank may freeze part of its accounts due to users buying and selling cryptocurrencies

ChainCatcher news, according to the Hong Kong Economic Times, several users of the virtual bank Mox Bank have recently reported on social media that their Mox Bank accounts have been locked multiple times in a short period. However, Mox Bank only responded that this action was "based on security considerations." Some users have complained to the Hong Kong Monetary Authority, which responded that it has requested the bank to make appropriate follow-ups. Some users analyzed that the incident may be related to a recent system update at Mox Bank, which has made the system sensitive to certain transactions and customers, especially in buying and selling cryptocurrencies.

Previous report, on July 2, Mox Bank announced that it had received a Type 1 Securities Trading License issued by the Hong Kong Securities and Futures Commission. (Source link）