HSBC CEO: The sustainability of cryptocurrency valuations is in doubt, HSBC will not provide crypto services

Chain Catcher news, HSBC CEO stated in an interview with CNBC-TV18 that HSBC will not offer crypto services and that HSBC's view on cryptocurrencies is more negative than that of other banks.

"I am indeed concerned about the sustainability of cryptocurrency valuations. Given the volatility of Bitcoin, we will not consider it as an asset class. We will also not promote it as an asset class in our wealth management business. As a product, I also question whether it is suitable for many consumers in today's market." (Source link)