ChainCatcher news, according to Finance Magnates, HSBC's Australian branch has notified customers that it has started blocking payments to cryptocurrency exchanges as of July 24, citing fraud as the reason for this action.The bank stated: "From July 24, 2024, HSBC will block bank account and credit card payments to cryptocurrency exchanges to protect your safety."

ChainCatcher news, the blockchain securities lending platform HQLAᵡ announced the completion of its Series C financing, led by HSBC, with participation from existing shareholders including BNP Paribas, BNY Mellon, Citibank, Deutsche Börse, Goldman Sachs, and JPMorgan Chase. The specific amount and valuation have not been disclosed.It is understood that HQLAᵡ provides a distributed ledger technology (DLT) platform for collateral liquidity, initially focusing on the securities lending sector. BNY Mellon and Goldman Sachs have already executed securities lending transactions on the HQLA x blockchain platform, and it is currently entering the repurchase market.

ChainCatcher news, HSBC Holdings Plc has launched a blockchain platform based on distributed ledger technology, aimed at tokenizing the ownership of physical gold in HSBC's London vault, representing gold in digital form.According to reports, HSBC stated that this move aims to simplify and optimize the gold ownership tracking process, including the serial numbers of gold bars. Currently, the tokenization system is primarily targeted at institutional investors, and in the future, it may allow individual investors to purchase physical gold through digital tokens, pending approval from local regulatory authorities.

ChainCatcher news, HSBC, the largest bank in the UK, prohibits customers from using credit cards to purchase cryptocurrencies. (source link)