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UK bank Standard Chartered is setting up a cryptocurrency exchange as rival HSBC decides not to offer digital currencies to clients

UK bank Standard Chartered is setting up a cryptocurrency exchange as rival HSBC decides not to offer digital currencies to clients

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Standard Chartered will launch a digital asset exchange and brokerage service, with its announcement Wednesday coming shortly after the head of rival lender HSBC saying it would not expand into cryptocurrencies. SC Ventures, a unit of StanChart, will establish the services for institutional investors and corporate clients in the UK and Europe along with BC Technology Group, which runs the cryptocurrency exchange OSL that’s licensed in Hong Kong.

...read full article on Business Insider

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