Crypto Evening Briefing: Coinbase Cutting Ties With Silvergate Forces Crypto Hedge Fund To Find a New Bank
On March 3, a crypto hedge fund called Digital Asset Capital Management (DACM) with assets worth over $400 million announced they are looking for a new banking partner in Switzerland post Silvergate chaos.
HSBC, Nationwide To Restrict Crypto Purchases With Credit Cards: Report
HSBC Holdings and Nationwide Building Society in the United Kingdom have banned retail customers from purchasing cryptocurrency with credit cards. They are the latest in a growing line of banks in the UK to tighten restrictions on digital assets.
Cointime News Wrapup-Afternoon Version: U.S. Lawmakers Say SEC Directive May Bring “Greater Risk of Loss”
Afternoon version
HSBC, Nationwide Impose New Restrictions on Cryptocurrency Purchases in UK
HSBC and Nationwide have imposed new restrictions on cryptocurrency purchases in the U.K. The two financial institutions cited a warning from the Financial Conduct Authority (FCA), the British regulator overseeing the financial services industry, regarding the risks involved in purchasing cryptocurrencies. According to the email shared by several people on Twitter, Nationwide wrote, “We will be introducing restrictions on purchasing crypto currency from 28 February,” (Bitcoin.com)
UK Banks HSBC, Nationwide to Ban Crypto Purchases With Credit Cards
United Kingdom babanks HSBC Holdings and Nationwide Building Society are banning cryptocurrency purchases via credit cards for retail customers. They join a growing list of banks in the country to tighten restrictions on digital assets.
HSBC Seeking New Product Director To Steer Tokenization Efforts
HSBC announced Jan. 30 that it is looking to hire a product director to spearhead its new “tokenization efforts.”
EIB Launches First Digital Sterling Bond with RBC and HSBC
The European Investment Bank (EIB) said on Tuesday it had launched its first sterling-denominated digital bond on a private blockchain, in partnership with BNP Paribas, HSBC and RBC Capital Markets. The 50 million-pound ($61.60 million), a floating-rate bond was registered in a private blockchain while a public blockchain mirror record would provide increased transparency on an anonymised basis, the EIB said. (reuters)
European Investment Bank Launches First Digital Sterling Bond With RBC and HSBC
The European Investment Bank (EIB) said on Tuesday it had launched its first sterling-denominated digital bond on a private blockchain, in partnership with BNP Paribas, HSBC and RBC Capital Markets.
Why Is This Banking Giant Suddenly Venturing Into Crypto?
HSBC, one of the leading banks in the UK, appears to have found a new interest in the rapidly expanding cryptocurrency market.
HSBC Announces Entry Into Crypto With Tokenization Job Openings
HSBC, a leading United Kingdom bank, has revealed its intent to venture into cryptocurrencies by announcing key job openings in the sector.
