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18 April 2021

HSBC reportedly bans customers from trading this Bitcoin-linked stock

HSBC reportedly bans customers from trading this Bitcoin-linked stock


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UK-based Hongkong and Shanghai Banking Corporation (HSBC), one of the world’s biggest banks by assets under management, has reportedly banned customers from trading the stock of business analytics firm MicroStrategy due to its links to Bitcoin, as per a leaked email circulating on social media.

“HIDC (HSBC InvestDirect) will not participate in facilitating (buy and/or exchange) products related to virtual currencies, or products related to or referencing to the performance of virtual currency,” a leaked screenshot of the email read?

HSBC Bank preventing their customers from holding an equity because it has Bitcoin on it's balance sheet.

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