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A comment on HSBC bans customers from buying Bitcoin-backer MicroStrategy shares. Parent comment

Re:HSBC bans customers from buying Bitcoin-backer MicroStrat... by revel on Tuesday April 13, 2021 @12:38AM (#26788175)
They already have a version of Net Neutrality for brokers: reg NMS.

HSBC are well within their rights to refuse to accept bad orders. HSBC are exposed to specific regulatory risk not shared by US banks. Having a ton of customers go bust because a regulatory change nuked some meme stocks seems undesirable to me. If you don't like it you can always find another broker.

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Re:HSBC bans customers from buying Bitcoin-backer MicroStrat... by powerapple on Tuesday April 13, 2021 @02:42AM (#26788852)
HSBC does a lot money laundry for rich people around the world, and now it is worrying about risks? I don't think so. But it is a telling for potential direction of US government is taking for bitcoin. HSBC is doing many things to please the US government, this may be one of them.
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Re:HSBC bans customers from buying Bitcoin-backer MicroStrat... by dna_polymerase on Tuesday April 13, 2021 @04:05AM (#26789440)
> HSBC does a lot money laundry for rich people around the world, and now it is worrying about risks?

Says a lot about the 'risks' involved with that business model.

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Re:HSBC bans customers from buying Bitcoin-backer MicroStrat... by kolinko on Tuesday April 13, 2021 @01:18AM (#26788357)
> If you don't like it you can find another broker

It's like saying that net neutrality exists, because "if you don't like throttling you can find another ISP"

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Re:HSBC bans customers from buying Bitcoin-backer MicroStrat... by jamespo on Tuesday April 13, 2021 @03:49AM (#26789313)
There are a lot more brokers available than ISPs
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Re:HSBC bans customers from buying Bitcoin-backer MicroStrat... by wutXthree on Tuesday April 13, 2021 @01:48AM (#26788505)
Why would an exchange allow a "meme stock"?
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Re:HSBC bans customers from buying Bitcoin-backer MicroStrat... by goatinaboat on Tuesday April 13, 2021 @02:27AM (#26788754)
MicroStrategy has been around since the 80s hasn't it? I thought they made business intelligence software. They are not some weird company that appeared overnight out of nowhere.
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