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HSBC Won't Offer Bitcoin, Crypto Service to Wealthy, Reuters Says

  • China issued fresh warning on virtual currencies last week
  • Bank has long been skeptical on crypto trading, investing

HSBC Holdings Plc has no plans to start a cryptocurrency trading desk or sell digital currencies as an investment to customers, Reuters reported, citing an interview with Chief Executive Officer Noel Quinn.

The bank isn’t into Bitcoin given its volatility and isn’t promoting it as an asset class within its wealth management business, Quinn said, according to the news agency.