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How do you define ‘Desperate’? HSBC reportedly blacklists MicroStrategy’s stock for investing in Bitcoin lol

How do you define ‘Desperate’? HSBC reportedly blacklists MicroStrategy‘s stock for investing in Bitcoin lol



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  1. Hello r/CryptoCurrency readers. Please try out the following links:

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  2. desperate

    /ˈdɛsp(ə)rət/

    adjective

    1. feeling or showing a hopeless sense that a situation is so bad as to be impossible to deal with.
    “a desperate sadness enveloped Ruth”

    2. (of a person) having a great need or desire for something.

  3. I guess, they aren’t quite yet at the ‘acceptance’ phase.

    The MSTR blacklisting appears to be part of the bank’s amended user policy prohibiting users from interacting with cryptocurrencies with an excerpt from the message reading:

    **“HIDC will not participate in facilitating (buy and/or exchange) product relating to virtual currencies, or products related to or referencing to the performance of virtual currency.”**

    So they now classify MSTR as a “virtual currency product” – because of their BTC acquisition

  4. tldr; HSBC has reportedly banned customers from buying MicroStrategy stock on its online trading platform HSBC InvestDirect. According to a supposed message from the bank to its customers, HSBC has directed users that already own MSTR stock not to buy additional shares. MSTR is a virtual currency product hence the reason for the blacklisting.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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