Morgan Stanley CEO Ted Pick to Explore Crypto with US Regulators

Morgan Stanley CEO Ted Decide lately said that the financial institution will work with US regulators to analyze its potential involvement in cryptocurrency markets. Decide emphasised that the main focus is on figuring out whether or not the financial institution, as a extremely regulated establishment, can safely conduct digital forex transactions. He emphasised the financial institution’s intention to work with the Ministry of Finance and different regulators to make sure protected participation within the crypto area. Morgan Stanley is a pioneer in crypto inside asset administration, providing bitcoin funds and ETFs to rich shoppers. Nevertheless, beneath the Biden administration, banks are restricted to buying and selling bitcoin derivatives, and never holding bodily bitcoin, a degree additionally emphasised by David Solomon, CEO of Goldman Sachs.