How ‘Too Big to Jail’ HSBC Can Still Be Vacated
In a world of corrupt banking practices filled with fraudulent activity, fractional reserve banking, quantitative easing, and too-big-to-jail banks like HSBC, it is great to know we can vacate corrupt systems with Bitcoin. HSBC, Modern Banks ‘Too Big To Jail’. One of the biggest scams these days is the traditional central banking system we have here on....
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HSBC has confirmed its bitcoin and cryptocurrency stance as a growing number of major banks are beginning to offer crypto services. CEO Noel Quinn says that HSBC views bitcoin as an asset class rather than a payments vehicle but the bank is not rushing into providing cryptocurrency investments for clients. HSBC Confirms Crypto Stance HSBC CEO Noel Quinn said that the bank “has no plans to launch a cryptocurrency trading desk” or offer cryptocurrencies as investments to customers, Reuters reported Monday. Quinn was quoted as saying: “Given the volatility we are not into....
Banking giant HSBC will not be offering crypto services, according to CEO Noel Quinn. Noting that HSBC is more negative on crypto than other banks, the executive stressed: “I do worry about the sustainability of the valuations of crypto.”
HSBC Will Not Get Into Crypto, CEO Says
The chief executive of HSBC, Noel Quinn, talked about his bank’s cryptocurrency stance in an interview with CNBC-TV18 last week. He confirmed:
As a bank, we’re not getting into the crypto world, crypto trading, crypto exchanges.
Emphasizing that cryptocurrencies are....
HSBC has reportedly changed its policy regarding cryptocurrency. The bank now prohibits customers from buying the stock of public companies that hold bitcoin, like Microstrategy. All of the companies with bitcoin treasuries could be on the chopping block at HSBC. HSBC Now Bars Clients From Buying Crypto and Crypto-Related Stocks Like Microstrategy British bank HSBC has reportedly become more strict with its crypto policy. The bank now prohibits its customers from buying the stock of public companies that are holding bitcoin in its treasury. An HSBC customer has shared a message he said he....
The Clinton foundation received US$81m in funds from clients of the HSBC bank in 2015. Whether or not this was another attempt to launder money through the bank’s accounts, is anybody’s guess at this time. It needs no explanation the financial ecosystem as we know it is being attacked from all angles. That is only made possible because they have been doing some dirty things behind the scenes. Albeit the HSBC bank should have been prosecuted back in 2012 for money laundering, the DOJ decided not to. After all, it would cause “global financial disaster”. So are banks absolved from any....
SAND was higher on Wednesday, as it was announced that HSBC was set to enter the Metaverse via The Sandbox. While up nearly 10% on the news, MKR and WAVES were also some of today’s leading gainers. The Sandbox (SAND) On Wednesday, it was confirmed that The Sandbox and the British financial institution HSBC agreed to a partnership that would see the bank enter the metaverse. The news saw the project’s native token SAND surge in today’s session, climbing by over 9% as of writing this, moving away from its recent support level in the process. Following its rally from....