https://en.cryptonomist.ch/2021/04/09/hsbc-prohibits-purchase-microstrategy-shares/
Desperation just hit a whole new level
Desperation just hit a whole new level
HSBC prohibits the purchase of MicroStrategy shares
- Thread starter Daal
- Start date
Baron
ET Founder
"As a result of this new internal policy, HSBC is effectively banning its customers from buying MicroStrategy shares, or any other cryptocurrency-related securities. "
1. I'm just wondering if that's even legal.
2. Do they really think their customers won't go elsewhere to buy what they want?
1. I'm just wondering if that's even legal.
2. Do they really think their customers won't go elsewhere to buy what they want?
it's legal but a bad business move.
What are their fees like for BTC and ETH? I wasn't aware they had a big crypto presence but they aren't around really here in Canada.
They let you transfer to from crypto exchanges without giving grief. Unlike Citibank and HSBC.
Oh on the payments side? credit cards and wire transfers etc?
Assuming the leaked letter is real - ask yourself why?
Is their a Chinese footprint here?
They may still be under increased supervision from their last laundering fine.
Is it possible they will be somewhere in the underwriting process for the new Chinese coin?
The Chinese would never do anything to limit competition
Is their a Chinese footprint here?
They may still be under increased supervision from their last laundering fine.
Is it possible they will be somewhere in the underwriting process for the new Chinese coin?
The Chinese would never do anything to limit competition