"Financial Titans Take the Crypto Stage: HSBC Launches Services in Hong Kong as Ratan Tata Reveals Investment Secrets!"
Hey GM GM,
Here’s what we’ve got for you today:
🚨 HSBC has launched cryptocurrency services in Hong Kong.
Ratan Tata has an important announcement on his 'investments’ in cryptocurrency.
Meme of the day
🚨 According to a report, HSBC has started offering cryptocurrency services in Hong Kong.
Three crypto ETFs listed on the Stock Exchange of Hong Kong are now reportedly available for trading at Hong Kong’s largest bank.
Hold on to your hats, folks, because HSBC, the almighty banking titan of Hong Kong, is shaking things up with a splash of crypto madness!
Rumor has it that HSBC has finally embraced the world of cryptocurrencies, allowing its customers to dive headfirst into the thrilling realm of Bitcoin. That's right, Colin Wu, our trusty local journalist, spilled the beans on Twitter about HSBC's latest venture. And guess what? You can now buy and sell Bitcoin and Ether through exchange-traded funds (ETFs). Gasp!
But wait, there's more! HSBC isn't satisfied with just a taste of the crypto pie. They're going all-in, baby! They've set their sights on the Stock Exchange of Hong Kong, where they'll be offering a delightful selection of cryptocurrency ETFs. We're talking about the CSOP Bitcoin Futures ETF, the CSOP Ethereum Futures ETF, and even the Samsung Bitcoin Futures Active ETF. It's like a buffet of crypto goodness!
The move aims to expand local users’ exposure to cryptocurrencies in Hong Kong. According to online reports, HSBC Hong Kong had 1.7 million active mobile customers as of March 2022. About 95% of all retail transactions of HSBC in Hong Kong are reportedly processed online.
The news comes soon after some media reports suggested in mid-June that the Hong Kong Monetary Authority pressured major banks to accept crypto exchanges as clients. The region’s central bank and regulator specifically questioned companies like HSBC and Standard Chartered on why they were not taking any crypto exchanges as clients.
Ratan Tata has an important announcement on his 'investments’ in cryptocurrency.
Ratan Tata called out a report for being fake and also shared a message on his social media handles.
Ratan Tata, the legendary business tycoon, has made his mark yet again, but this time on Instagram. Stepping into the digital battlefield, he decided to tackle a false report claiming his involvement in the wild world of cryptocurrencies. With the swipe of a finger, he posted two screenshots on his Instagram story, revealing the truth behind the rumors and labeling them as "absolutely untrue." Looks like Mr. Tata knows how to handle false claims as smoothly as he manages his business empire. Watch out, rumor mill, you just got busted!
🔍 What did Ratan Tata share?🔍
➡️ Stop the presses, people! Ratan Tata just dropped the mic on Instagram! He's calling out those sneaky articles and ads claiming he's in bed with cryptocurrency. With a screenshot in one hand titled "ANALYSIS: Ratan Tata's Recent Investment has Experts in Disbelief and Major Banks Concerned," he confidently slaps the "Fake" label on it. Talk about putting scammers in their place! Mr. Tata is the real deal, and he's not afraid to give fraudsters a run for their money. Cryptocurrency, you just got served a reality check!