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HSBC Closes Bank Accounts for Hong Kong Protesters Movement

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Hong Kong protests continue for more than five months. As the situation heats up, there are more and more crowdfunding activities and groups that support Anti-Extradition Law Amendment Bill. A source disclosed that HSBC had a corporate banking account to assists in large-scale crowdfunding protest activities.

The fund accepted donations, and the actual use of the alleged account did not match the original use of the account. HSBC requested the end of the account last month. The news also said that HSBC has given the enterprise customers a 30-day notice period and expires this week if the company fails to …, reports the Hong Kong Economic Journal.

Authorities are using the banking system as a tool to control people. This is happening everywhere in the world where unrests have erupted, banning access to bank accounts, placing limits or even worse overprinting new money bringing peoples savings value to zero.

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As we reported recently:
Lebanese Banks in Panic Mode – Clients With Guns Demanding Money Withdrawal
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This has to end. Bitcoin fixes this. Long bitcoin and short the bankers.

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Ethan Hunt

Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past.

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1 Comment

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    If there ever would be another civil war.. it would start in countries, where the government uses people’s money as a weapon against them. I won’t say, there aren’t any civil wars right now, but if it comes down to money, this one would escalate quickly. This forces people to use crypto and the more people use it, the fiat gets slowly replaced to a point the government loses control. And don’t think the government will twiddle thumbs, watching one of their controls go down and the citizens turn on them.

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