}
HSBC CEO Noel Quinn said the bank has no plans to set up any cryptocurrency trading desk or to offer it as an investment tool to its customers.
Quinn told Reuters;
“We are not interested in Bitcoin as an asset class, given the volatility. "If our clients want to be there, of course they are, but we don't promote this as an asset class in our wealth management business," he said.
When it comes to BTC's transparency issues, Quinn said it is difficult to know who owns the cryptocurrency, and there are also problems with easily converting BTC to fiat money.
Published on LERNblogs.com