HSBC CEO says no thanks to Bitcoin and other cryptocurrencies

May 24, 2021

By Napier Lopez

In an interview with Reuters, HSBC CEO Noel Quinn made it clear that the banking giant has no plans to support Bitcoin or other cryptocurrencies anytime soon. According to Reuters, the bank does not intend to launch a cryptocurrency trading desk or offer it as an investment option. The reasoning is what you’ve heard a million times by now: they’re just too volatile. Specifically, Quinn says: “Given the volatility we are not into Bitcoin as an asset class, if our clients want to be there then of course they are, but we are not promoting it as an asset class within…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

Source:: The Next Web

      

No comments

You must be logged in to post a comment.
REGISTER NOW FOR YOUR PASS
 
To ensure attendees get the full benefit of an intimate technology expo,
we are only offering a limited number of passes.
 
Get My Pass Now!