Tech

HSBC Takes Decision to Block Bitcoin Investors

Bitcoin investors may have to find an alternative to HSBC if they want to convert their investments back to traditional currencies, The Times reports.

Crypto coins have become on the agenda again, especially with the significant increase they have made recently. Bitcoin, The number of people who think that they will continue to rise while breaking the record after the record is quite high. The Times’a Some banks continue to be cautious about cryptocurrencies.

One of the largest banks in the world HSBCwill not allow money transfers to cryptocurrency exchanges. In addition, money from these exchanges will be prevented. In this area HSBC’nin Although their measures are harsh, other banks are not very friendly to crypto money.

Crypto investment has become difficult

hsbc

Crypto money investment Many people use bank accounts and cryptos for Many banks for cryptocurrency exchanges from current accounts Although it allows money transfer, it can enter cryptos by withdrawing money from credit cards.

To buy cryptocurrency crypto currency exchange need to use. You deposit money into your account using a bank transfer or a card. You can then receive crypto money for the money you deposit in your account. This crypto coins When you sell it, it is added to the balance in your account and you can withdraw it to your bank account. Some banks will not allow this.

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Total Value of Crypto Money Market Exceeds $ 1 Trillion For The First Time

The Times’ın Dated January 9 in the report, one of the UK’s largest banks HSBC’nin After the cryptocurrency’s record-breaking rally, it has been announced that it will not allow Bitcoin investors to cash out their earnings.

Anti-crypto continues in the UK

hsbc

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Renewing the Summit, Bitcoin Exceeded the $ 41 Thousand Limit

British banking institutions has been following strict policies against cryptocurrencies for years. HSBC and Barclayshad also blocked the accounts of a British investor trading on a cryptocurrency exchange.

One of the most important drawbacks in crypto money markets is the concerns about money laundering. On the other hand, important banks HSBC, JPMorgan, Chase and other major banks, in September emerging FinCEN He helped criminals launder over $ 2 trillion, according to his files.

Bitcoin has started a bearish trend

After this decision of a big bank like HSBC, Bitcoin investors seem to have decided to be more cautious. Bitcoin, which reached $ 41,500 last night, is currently trading at $ 38,350.

Source :
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