HSBC reportedly blacklists MicroStrategy’s stock for investing in Bitcoin
OSATO AVAN-NOMAYO, 09 April 2021
Buying MicroStrategy stock is reportedly no longer possible for HSBC customers on the bank’s online trading platform — HSBC InvestDirect, or HIDC.
According to a supposed message from the bank to its customers, HSBC has directed users that already own MicroStrategy stock not to buy additional shares.
Twitter user Camiam claimed to have received such a message from the banking giant on March 29:
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.”
