Bitcoin Death Signal?: What the U.K. and HSBC Clampdown Really Means for the Cryptocurrency

HSBC, the largest bank in the U.K, will no longer be transacting with cryptocurrency exchanges; it will neither process crypto payments nor allow wallet-to-bank transfers. The news follows the country’s Financial Conduct Authority issuing a warning to avoid cryptos, noting…

Bitcoin Death Signal?: What the U.K. and HSBC Clampdown Really Means for the Cryptocurrency

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HSBC, the largest bank in the U.K, will no longer be transacting with cryptocurrency exchanges; it will neither process crypto payments nor allow wallet-to-bank transfers. The news follows the country’s Financial Conduct Authority issuing a warning to avoid cryptos, noting that investors could lose all their money. Our Daniela Cambone speaks with industry insider Vince Lanci of Echobay Partners about the ramifications for bitcoin.

#cryptocurrency #bitcoin #investors #UnitedKingdom #HSBC

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