By Anthony Burr | TH3FUS3 Managing Editor
HSBC Australia will block payments to cryptocurrency exchanges starting July 24, 2024. This move aims to protect customers from investment scams, citing significant losses reported in 2023. The decision has reignited concerns about the strained relationship between banks and the cryptocurrency sector.
The global banking institution wants to tokenize assets like gold using its private blockchain technology. It will steer clear away from cryptocurrencies
The banks first retail token marks an important milestone in Hong Kong's fintech