• HSBC bans clients from buying shares of MicroStrategy, which has become known for its massive bitcoin purchases

    1 month ago - By Business Insider

    Summary List Placement HSBC has said it will prevent clients from purchasing and moving shares of MicroStrategy into their InvestDirect accounts, according to a March 29 message viewed by Reuters that referred to the stock as a "virtual currency product."
    The decision comes amid a broader move by HSBC to limit cryptocurrency trading.
    "HSBC has no appetite for direct exposure to virtual currencies and limited appetite to facilitate products or securities that derive their value from VCs ," HSBC said in the same statement viewed by Reuters .
    HSBC did not immediately respond to Insider for...
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  • HSBC bans clients from buying shares of MicroStrategy, which has become known for its massive bitcoin purchases

    HSBC bans clients from buying shares of MicroStrategy, which has become known for its massive bitcoin purchases

    1 month ago - By Business Insider

    AP Photo/Frank Augstein
    HSBC has instituted a new policy preventing clients from purchasing and moving shares of MicroStrategy into their account, according to Reuters.
    The decision comes as HSBC broadly clamps down on cryptocurrency trading.
    MicroStrategy has repeatedly made headlines in recent weeks by buying large amounts of bitcoin.
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    HSBC has said it will prevent clients from purchasing and moving shares of MicroStrategy into their InvestDirect accounts, according to a March 29 message viewed by Reuters that...
    Read more ...