HSBC office building. Global Advisors, a firm based in Jersey that manages the first regulated bitcoin fund, has been served notice by its bank, HSBC.
The firm said it received a notice from HSBC indicating that the company’s bank account would be closed in 60 days. A meeting with HSBC personnel at the firm’s office in Jersey revealed that the bank feared Global Advisors’ account was at risk of potential money laundering.
"We heard that our risk profile […]
