What kind of stupid idiots must HSBC bank be? Today they have banned investors from investing in companies who are holding cyrpto.
I can see investors quitting HSBC very quickly. As time goes on what do they think will happen? Less companies will become involved in crypto? No, More, so your HSBC trading account becomes pretty much redundant over time and you end up being stuck.
If I received a message like that I would be closing my trades and moving to a new broker.
So that means that investors with HSBC won’t be able to hold TESLA shares? One of the mainstay stocks of trading?
Crazy!
I would love to hear from the bank on this but we shall see if they come forward to explain themselves. Generally I’ve found when an organisation or its management does not allow crypto it’s purely because they don’t understand it. If people want to buy bannanas let them buy bannanas.
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