HSBC does not plan to have cryptocurrency trading desk: CEO

The Straits Times2021-05-24

LONDON (Reuters) - 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 ...

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Comments

WeeNi
2021-05-25
WeeNi
Like pls
- ponyinvestor:
  Leave a comment on my post pls in profile
Squ00
2021-05-25
Squ00
Comment
andrew123
2021-05-25
andrew123
This is wat i thought 10yrs ago when btc just started. Regret my decision cos with so little to lose , if i put in $1k now worth more than millions n i can retire. High risk high return. But for 1k low risk high return. Like n comment.
andrew123
2021-05-25
andrew123
No choice as china regulator wants to clamp down on crypto. When they see their HWC move their acc to rivial will they come back n relook .
e13v3n
2021-05-25
e13v3n
well thats what they say now.. theres literally close to 0 risk to them. they make $$$ from the transactions
- Badanu:
  ok
WayneLee
2021-05-25
WayneLee
Is this a wise move or a foolish move?

Leave a comment

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City-wide trials involving state-owned banks began last year, and there is also a pilot project for cross border use underway in Hong Kong.China is also involved in a separate project exploring CBDCs for cross-border payments, which HSBC has been involved in.While Beijing presses ahead with central bank digital currencies, it has stepped up efforts to curb usage of cryptocurrencies.China, which is central to HSBC's growth strategy, said last Tuesday that it had banned financial institutions and payment companies from providing services related to cryptocurrency transactions.Reuters reported in April that HSBC had banned customers in its online share trading platform from buying shares in Bitcoin-backed MicroStrategy, saying in a message to clients that it would not facilitate the buying or exchange of products related to virtual currencies.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":138908241,"gmtCreate":1621903495083,"gmtModify":1704364090935,"author":{"id":"3571130591653625","authorId":"3571130591653625","name":"WeeNi","avatar":"https://static.tigerbbs.com/5cec7818309dd699c7e66180fe4d2081","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571130591653625","authorIdStr":"3571130591653625"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138908241","repostId":2137532471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4437854,"gmtCreate":1621903839957,"gmtModify":1680790765377,"authorId":3575443999456708,"author":{"id":3575443999456708,"idStr":"3575443999456708","authorId":3575443999456708,"name":"ponyinvestor","avatar":"https://static.tigerbbs.com/138d1ebc8820019726a687f0ffe45994","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":138908241,"type":1,"supId":0,"prevId":0,"content":"Leave a comment on my post pls in profile","text":"Leave a comment on my post pls in profile","html":"Leave a comment on my post pls in profile"}],"langContent":"EN"},{"id":138061910,"gmtCreate":1621901529430,"gmtModify":1704364021828,"author":{"id":"3581921108389483","authorId":"3581921108389483","name":"Squ00","avatar":"https://community-static.tradeup.com/news/c532dee28e4fc99a9cc34fb3b9649140","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581921108389483","authorIdStr":"3581921108389483"},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138061910","repostId":2137532471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":138085081,"gmtCreate":1621901301043,"gmtModify":1704364013089,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"This is wat i thought 10yrs ago when btc just started. Regret my decision cos with so little to lose , if i put in $1k now worth more than millions n i can retire. High risk high return. But for 1k low risk high return.&nbsp;Like n comment.&nbsp;","listText":"This is wat i thought 10yrs ago when btc just started. Regret my decision cos with so little to lose , if i put in $1k now worth more than millions n i can retire. High risk high return. But for 1k low risk high return.&nbsp;Like n comment.&nbsp;","text":"This is wat i thought 10yrs ago when btc just started. Regret my decision cos with so little to lose , if i put in $1k now worth more than millions n i can retire. High risk high return. But for 1k low risk high return. Like n comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138085081","repostId":2137532471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":138018474,"gmtCreate":1621900927698,"gmtModify":1704363998400,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"No choice as china regulator wants to clamp down on crypto. When they see their HWC move their acc to rivial will they come back n relook .","listText":"No choice as china regulator wants to clamp down on crypto. When they see their HWC move their acc to rivial will they come back n relook .","text":"No choice as china regulator wants to clamp down on crypto. When they see their HWC move their acc to rivial will they come back n relook .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138018474","repostId":2137532471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":138009083,"gmtCreate":1621899697942,"gmtModify":1704363949253,"author":{"id":"3565819252889467","authorId":"3565819252889467","name":"e13v3n","avatar":"https://static.tigerbbs.com/387ab24895655e32d7ddaf87ded7da37","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3565819252889467","authorIdStr":"3565819252889467"},"htmlText":"well thats what they say now.. theres literally close to 0 risk to them. they make $$$ from the transactions","listText":"well thats what they say now.. theres literally close to 0 risk to them. they make $$$ from the transactions","text":"well thats what they say now.. theres literally close to 0 risk to them. they make $$$ from the transactions","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138009083","repostId":2137532471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4436551,"gmtCreate":1621899749469,"gmtModify":1680790738860,"authorId":3552705374220089,"author":{"id":3552705374220089,"idStr":"3552705374220089","authorId":3552705374220089,"name":"Badanu","avatar":"https://static.tigerbbs.com/486d06a79de428dc38faea5855403ce8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":138009083,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":131764089,"gmtCreate":1621897643741,"gmtModify":1704363887302,"author":{"id":"3576105353976896","authorId":"3576105353976896","name":"WayneLee","avatar":"https://community-static.tradeup.com/news/785daacee256a2b4978a5d50fbe3727b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3576105353976896","authorIdStr":"3576105353976896"},"htmlText":"Is this a wise move or a foolish&nbsp;move?","listText":"Is this a wise move or a foolish&nbsp;move?","text":"Is this a wise move or a foolish move?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131764089","repostId":2137532471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":35,"commentSize":33,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2137532471"}