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Cryptocurrency Skeptics Find an Ally: HSBC's New Boss John Flint

John Flint
John FlintPhotographer: James MacDonald/Bloomberg

Add another high-profile name to the ranks of cryptocurrency skeptics: John Flint, the incoming chief executive of HSBC Holdings Plc.

“The underlying technology, distributed ledger technology, has got lots of applications across our industry,” Flint said in a phone interview Tuesday after HSBC’s earnings announcement. “But we remain very skeptical about cryptocurrencies that exist for reasons largely of anonymity.”