Monday, January 11, 2021
CryptoPotato; January 11th 2021 [4 possible reasons for Bitcoin's 42k to 30k loss]
HSBC Blocking Transactions from Crypto ExchangesLast but not least, we have a piece of news from earlier today. HSBC has reportedly blocked transactions to or from cryptocurrency exchanges, and it has taken a heavy-handed approach to Bitcoin and other cryptos.A number of UK banks have also made moves to prevent their customers from buying crypto assets using their credit or debit cards.While this doesn’t seem like something that surprising, HSBC is a global banking giant, and the fact that its clients won’t be able to transfer funds from crypto exchanges could easily become a catalyst for a retail-driven selloff.
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