HSBC CEO says Bitcoin not for us : vimarsana.com

HSBC CEO says Bitcoin not for us


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HSBC CEO says Bitcoin not for us
HSBC has no plans to launch a cryptocurrency trading desk or offer the digital coins as an investment to customer.
By Lawrence White and Rachel Armstrong, Reuters
24 May 2021 
11:50 
Image: REUTERS/Dado Ruvic
HSBC has no plans to launch a cryptocurrency trading desk or offer the digital coins as an investment to customers, because they are too volatile and lack transparency, its Chief Executive Noel Quinn told Reuters.
Europe’s biggest bank’s stance on cryptocurrencies comes as the world’s biggest and best-known, Bitcoin, has tumbled nearly 50% from the year’s high, after China cracked down on mining the currency and prominent advocate Elon Musk tempered his support.

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