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It's starting, or should I say the legacy banks are reacting more negatively, to large corporations holding Crypto, who have accounts with them.
Regardless of whether they are holding Crypto legally or not, Investment banking giant HSBC blacklisted MicroStrategy’s stock. It appears that the banks feel that they need to control a successful company's investment strategy even when they are making money from it. Obviously they are reacting from the pressure of Crypto competing for their (up till now) private financial empire. I wonder, will there be squabbles from the legacy banks as to how they compete with each other in the new financial future?
