Worldwide Advisors, a company based in Jersey that manages the very first regulated bitcoin fund, has actually been served notice by its bank, HSBC.
The firm stated it received a notice from HSBC indicating that the company’s savings account would be closed in 60 days. A meeting with HSBC workers at the company’s office in Jersey revealed that the bank feared International Advisors’ account was at danger of prospective money laundering.
“We heard that our risk profile is not actually occurring for them,” said Jean-Marie Mognetti, a partner with the firm.Continue reading at
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