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HSBC Bans Customers From Buying MicroStrategy Shares 

Banking giant HSBC has barred the customers of its online trading platform, HSBC InvestDirect (HIDC), from purchasing a business intelligence company’s shares, MicroStrategy. HSBC Clamps Down On Virtual Currency Trading Having termed Microstrategy shares as virtual currency products, the bank has put a block on clients from purchasing and moving its shares into their InvestDirect accounts. This is according to a March 29 message sent to customers by HSBC, as reported by Reuters. The bank had sent the letter to customers who hold MicroStrategy shares, informing them of the new policy. The message noted that HSBC customers will be allowed…

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HSBC Changes Crypto Policy, Now Bars Clients From Buying Stock of Companies That Hold Bitcoin

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 received from the bank, informing him…

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HSBC Drops MicroStrategy’s Stocks Shortly After Banning Bitcoin Purchases

HSBC is the latest bank to give red lights to Bitcoin, as it recently stopped its customers from buying MicroStrategy’s (MSTR) stocks on HSBC InvestDirect (HIDC); its online trading channel. The UK-based firm, one of the largest in its fields with total assets of US$2.715 trillion had reportedly stopped users from trading in products relating to cryptocurrencies like Bitcoin. According to an alleged email that was leaked by one of HSBC’s customers, which has been circulating online ever since, the bank updated users on a change in its policies concerning digital currencies like Bitcoin, Ethereum, and others. MicroStrategy would’ve escaped…

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Még mindig van olyan, aki ellen tud állni a bitcoinnak?

A HSBC a héten megmutatta, hogy ha törik, ha szakad, ők márpedig nem állnak be a sorba és kimaradnak a bitcoin befektetésből. Vagyis inkább kihagyják a saját ügyfeleiket, míg ők ki tudja mibe fektetnek. A hét legfontosabb kriptovaluta hírei egy helyen A héten publikálta a Forbes a világ milliárdosainak listáját. Mint kiderült a világ leggazdagabbjainak a listájára egyre több kriptovaluta milliárdos kerül fel köszönhetően a tavaly év végén megindult árfolyam emelkedésnek. Idén újabb kilenc kriptomilliárdossal nőtt a lista. Már Michael Saylor, a MicroStrategy CEO-ja és Sam Bankman-Fried, az FXT kriptopénz váltó vezetője is a leggazdagabbak között tudhatja magát. Hiába nyertek…

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HSBC reportedly blacklists MicroStrategy’s stock for investing in Bitcoin

The investment banking giant now reportedly classifies MicroStrategy as a “virtual currency product.” Buying MicroStrategy stock (MSTR) is reportedly no longer possible for HSBC customers on the bank’s online trading platform — HSBC InvestDirect, or HIDC. According to a supposed message from the bank to its customers, HSBC has directed users that already own MicroStrategy stock not to buy additional shares. Twitter user Camiam claimed to have received such a message from the banking giant on March 29: Hey @michael_saylor , you may want to ask your legal team if what @HSBC_CA is doing here is legal. It sure does…

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Megtiltja a HSBC az ügyfeleinek, hogy MicroStrategy részvényt vegyenek

A HSBC bejelentette, hogy a virtuális valutákra vonatkozó új szabályzata értelmében nem engedélyezi az ügyfeleknek, hogy MicroStrategy részvényeket vásároljanak. A HSBC Holdings az egyik legnagyobb bankcsoport a világon, piaci kapitalizációja szerint pedig a legnagyobb európai bank, 157,2 milliárd euróval. A brit pénzintézetről, melynek központja Londonban található, már egy ideje tudni lehet, hogy nem szívleli a kriptovalutákat. A Documenting Bitcoin által megosztott üzenet szövege szerint a HSBC most újabb lépést tett a kriptopénzekkel szemben. Megváltoztatta a digitális valutákra, illetve az ezekhez kapcsolódó befektetési eszközökre vonatkozó szabályzatát. Ennek értelmében a jövőben a bank nem fogja engedélyezni az ügyfeleinek, hogy kriptovalutát, illetve kriptopénzekhez…

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Global Policy Experts Share their Thoughts on Crypto Self-Regulation

Government regulation has been one of the most prominent requests for crypto companies for years. Since the industry grew into the limelight, advocates have called for governments to bring it under its wing. With little to no progress made on that front, some countries have gone the path of self-regulation – essentially allowing companies in the crypto space to regulate themselves. However, the efficacy of that has also raised some doubt amongst experts. No Trust In Crypto Recently, the Royal United Service Institute (RUSI), one of the United Kingdom’s oldest security and defense think tanks, found that professionals across different walks…

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5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels

According to the International Consortium of Investigative Journalists (ICIJ), five major global banks have been exposed funneling trillions of dollars in criminal funds in the recently leaked FinCEN Files. The massive leak is 2,100 documents spanning from 2000 to 2017 which shows fraudulent funds flowed almost effortlessly through JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank, and Bank of New York Mellon. The world’s regulators are supposed to be regulating the ‘tainted’ dollars that flow through the financial system and the United States has a number of financial regulation entities. However, the recently leaked FinCEN Files indicates that Financial Crimes Enforcement…

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HSBC stock hits 25-year low: 5 things to watch in Bitcoin this week

Bitcoin grapples with $11,000 as money laundering engulfs the banking sector again and coronavirus spoils stocks sentiment. Bitcoin (BTC) starts a new week still looking for $11,000 support as macro markets wobble over coronavirus and banks’ criminal activities. Cointelegraph highlights five factors that could shape BTC price action in the coming days. Banks face money laundering deluge While central banks grappled with dramatic shifts in United States economy policy, fresh leaked files showed yet more evidence of largescale money laundering. A huge trove of documents from the Financial Crimes Enforcement Network (FinCEN), dubbed the FinCEN Files, found its way to…

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Libra appoints HSBC veteran to manage crypto project’s operational wing

Top financial services experts continue to join the Libra project. The Libra Association has appointed HSBC veteran James Emmett as managing director of its subsidiary firm, Libra Networks LLC. James Emmet spent 25 years at HSBC and is a former colleague of the Libra Association’s new CEO, former HSBC chief legal officer Stuart Levey. Levey is also the former Under Secretary for Terrorism under the administrations of George W. Bush and Barack Obama Emmett has held multiple roles in his long career at HSBC, most recently working as group general manager. In an official statement, Levey underscored Emmett’s extensive experience…

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Hong Kong’s BTC association pushes ‘Bitcoin Tram’ ad campaign

Another massive Bitcoin ad rolls out in Hong Kong, urging citizens to “be their own bank.” The Bitcoin Association of Hong Kong, a major local alliance promoting crypto awareness and education, is launching the “Bitcoin Tram” ad campaign in Hong Kong; one of the world’s main global financial centres. According to a Sept. 11 announcement, the new ad campaign composes three double-decker trams fully covered with Bitcoin logos and ads alongside 20 similarly-designed billboards across the city. Hong Kong’s Bitcoin Association said in the announcement that the “educational campaign” was initiated by the Hong Kong Bitcoin community and is coordinated…

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Bitcoin ads displayed outside banks in Hong Kong, in effort to spread BTC awareness

Bitcoin Association of Hong Kong, which includes over 5,000 Bitcoin-focused members, today announced that it would use donations to buy advertising spaces to post Bitcoin ads that would educate locals about the merits and risks of the premier cryptocurrency. According to the release, these Bitcoin ads will be displayed on three Bitcoin-themed doubledecker trams. Besides the trams, the Association will also display Bitcoin logos and informative messages across 20 billboards in the city, all throughout September until 8 October.  pic.twitter.com/8qXzhtRGN7 — siliconfist (@siliconfist) September 11, 2020 These informative messages are supposed to highlight why Bitcoin is an important agent of…

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Singapore Exchange uses blockchain to issue $300m digital bond

DAML smart contract language is now used for digital bonds. Singapore Exchange (SGX), a major investment holding company in Singapore, has issued its first digital bond powered by blockchain technology. As officially announced on Sept. 1, SGX deployed its digital asset issuance platform to conduct a 400 million Singapore dollar ($294 million) 5.5-year public bond issuance for major local food and agri-business company, Olam International.  Focused on Asia bond markets, the new digital bond was enabled by cooperation with SGX’s established blockchain partners like HSBC Singapore and investment firm Temasek. As part of the joint initiative, HSBC provided its on-chain…

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A COVID előtt azt se tudtuk mi az, most nagyobb, mint az HSBC és Llyods bankok együtt

Egy videokonferencia-társaság, amelyről a COVID-járvány előtt sokan azt sem tudták, hogy micsoda, ma többet ér, mint Nagy-Britannia két legnagyobb hitelezője együttvéve. Az emberek otthon tartása bizony kapóra jött egyeseknek. Csakúgy, mint az Amazon, a Zoom is nagyot szakított a koronavírus lezárásokból.  Tegnap a Zoom részvényei 35%-kal emelkedtek, miután kiderült, hogy a vállalat nyeresége május és július között több mint 3000%-kal nőtt. Ez több mint 22,4 milliárd eurós növekedést jelent vagyis most körülbelül 101 milliárd eurót érhet a vállalat – többet mint a HSBC és a Lloyds Banking Group együttvéve. Ez azt is jelenti, hogy alapítója, Eric Yuan vagyonát csaknem 1,12…

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Binance Headlines U.K. Expansion with London Advertising Blitz

Top crypto exchange Binance is starting to drum up some anticipation for its launch in the United Kingdom. Last week, the exchange showed a new ad blitz that it has taken to the streets of London, where it touted Bitcoin and its business. Taking Over London In a tweet, Binance showed off a new bus stop that it had emblazoned with its logo. The ad, which featured the company’s brand identity, came with a message saying:  “Bitcoin is taking over London. It’s time to adapt.” The ad headlines Binance’s upcoming push into the U.K. — a top financial location that the…

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Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report

Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). The study singles out what it calls the “G7 banking group”, which includes BBVA, Santander, Citibanamex, Banorte, HSBC, Scotiabank, and Inbursa, as the biggest conduits of illicit money in the South American country. Brokerage firms and foreign exchange entities have also been flagged as “high risk”, El Economista reported. The “G7 banking group” controls 80% of the assets within Mexico’s financial sector. However, Mexico’s second National Risk Assessment report did not…

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Global Banks Reportedly Limit Service in Hong Kong for Political Reasons

Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law. Major international banks like Credit Suisse and HSBC are reportedly scrutinizing their Hong Kong clients amid the ongoing protests over China-backed national security law.According to a July 19 report by Reuters, global banks including Credit Suisse, HSBC, Julius Baer, and UBS are now screening their clients in Hong Kong on potential ties to the city’s pro-democracy movement.Social media spiesCiting a group of anonymous people familiar with the matter, the report says that the banks are scanning clients’ records for political and…

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