HSBC Global Head of Digital Says the Bank Is ‘Cautiously Looking’ at Crypto Investment
Credit:
Coin Telegraph
Global Head of Digital at HSBC, Josh Bottomley, said that the bank is “cautiously looking” at cryptocurrency use cases, Forbes reported July 19.
In an interview with Forbes, Bottomley said that HSBC is “cautiously looking into this area [cryptocurrencies],” when asked about the bank’s approach to the crypto. Bottomley further explained that “there’s a use case when you have a token or currency that’s actually useful for a particular purpose, and it serves that need. But that is very different to if it’s pure speculation.” Bottomley added, “Right now we’re not interested in that at all.”
Bottomley said that at present, the bank “[doesn’t] believe broadly” that cryptocurrencies are a genuine investment asset, but that may change.
