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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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