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Standard Chartered Joins Crypto Rush, Days After HSBC Opts Out

  • Bank will work with Hong Kong-based digital asset specialist
  • Lender has ‘strong conviction’ virtual currencies here to stay
General Views Of Standard Chartered Plc Headquarters As Banks Announces Plans To Cut 15,000 Jobs

Photographer: Chris Ratcliffe/Bloomberg

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Standard Chartered Plc is setting up a joint venture to buy and sell virtual currencies such as Bitcoin -- days after its biggest rival HSBC Holdings Plc said it would swerve the crypto trading craze.