{"id":408636,"date":"2019-12-24T20:00:25","date_gmt":"2019-12-24T20:00:25","guid":{"rendered":"https:\/\/uniquehot.com\/?p=408636"},"modified":"2024-06-11T13:35:45","modified_gmt":"2024-06-11T13:35:45","slug":"anti-bank-sentiment-grows-louder-in-hong-kong-does-bitcoin-stand-to-benefit","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/anti-bank-sentiment-grows-louder-in-hong-kong-does-bitcoin-stand-to-benefit\/","title":{"rendered":"Anti-Bank Sentiment Grows Louder in Hong Kong, Does Bitcoin Stand to Benefit?"},"content":{"rendered":"

Following the recent freezing of around US$9 million of donations to the Hong Kong<\/a> protest movement, demonstrators have now turned their attention towards financial censorship. With hostility against the banking industry rising, Bitcoin, as a censorship resistant asset, may well stand to benefit.<\/p>\n

The most recent manifestation of the ongoing civil disobedience has seen thousands of individuals take to the street to object to the freezing of funds donated to the movement. Further angering the people was the earlier closure of an HSBC account associated with demonstrators.<\/p>\n

HSBC Making Increasingly Strong Case for Bitcoin in Hong Kong<\/h2>\n
Last week, NewsBTC<\/em> reported<\/a> on the freezing of around US$9 million donated to protesters in Hong Kong. The action followed the closure of an HSBC<\/a> account associated with the group Spark Alliance last month.<\/p>\n
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45,000 protested outside the HSBC headquarters in Hong Kong after a pro-democracy fundraising account was closed.<\/p>\n
Organizers are urging everyone to boycott the bank.<\/p>\n
We're told that bitcoin is used by criminals, but it may end up being the most effective tool against them.<\/p>\n
— Rhythm (@Rhythmtrader) December 24, 2019<\/a><\/p><\/blockquote>\n