https://en.cryptonomist.ch/2021/04/09/hsbc-prohibits-purchase-microstrategy-shares/ Desperation just hit a whole new level
"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?
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.
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
I think HSBC is concerned with all the liabilities from money laundering and other crypto related activities.