"It is a phenomenon, it is here, it is happening, I cannot deny it, but equally I have to assess the risks for clients, I am currently wary of cryptocurrencies."
The head of one of the largest financial conglomerates HSBC, Noel Quinn, considers cryptocurrencies an "emerging market" with too high risks. At the same time, he wants HSBC to be able to participate in transactions with CBDC or stablecoins in the future.
