Category: HSBC

HSBC reportedly blacklists MicroStrategy’s stock for investing in Bitcoin

HSBC reportedly blacklists MicroStrategy’s stock for investing in Bitcoin

The investment banking giant now reportedly classifies MicroStrategy as a “virtual currency product.” 6222 Total views 31 Total shares Buying MicroStrategy stock is reportedly no longer possible for HSBC customers on the bank’s online trading platform — HSBC InvestDirect, or HIDC. According to a supposed message from the bank to its customers, HSBC has directed users […]

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HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction

HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction

(David Franklin/Shutterstock) HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction The Bangladesh arm of HSBC, one of the world’s largest banks, has completed the country’s first cross-border blockchain trade finance transaction. According to a press release on Tuesday, the digitized letter of credit (LC) transaction brought a notable reduction in the processing time compared with […]

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