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HSBC account closure highlights need for crypto
Highlighting the need for censorship-resistant currencies like Bitcoin, HSBC has shut down an account used to fund Hong Kong protestors. The Chinese-language Hong Kong Economic Journal reported on November 18 that the UK-based financial behemoth recently closed a corporate account that was allegedly being used to transfer crowdsourced funds to support protesters’ activities. According to a South China Morning Post report, the bank told the holder of “The Prime Management Service Ltd” account last month to withdraw its money within 30 days, which falls this week. The account has been used to raise funds for ... (full story)
