Bitcoin not on the agenda for HSBC says bank's CEO
HSBC will not be joining the growing list of major banks offering Bitcoin and crypto investment products to customers and clients. The recent tumultuous price action for cryptocurrencies seems to be providing ample opportunity for popular anti-crypto bank HSBC to double down on its negative stance towards virtual currencies.Speaking to Reuters on Monday, HSBC CEO Noel Quinn said that the bank was not interested in running a crypto trading desk or offering cryptocurrency-related investment packages to its clients.Quinn identified volatility as a major reason for the bank’s decision despite....
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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....
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....
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“We take our duty as a responsible lender seriously and want to do everything we can to protect you,” HSBC UK reportedly wrote. Banks in the United Kingdom continue to crack down on Binance cryptocurrency exchange, with banking giant HSBC reportedly becoming the latest bank to cut payment channels to the platform.A series of alleged HSBC clients reported on Twitter this Monday that HSBC UK had suspended credit card payments to Binance.According to an alleged announcement on the service suspension, HSBC UK made the decision “due to concerns about possible risks” to its customers. “We take....