Morgan Stanley CEO Considers Expanding Participation in Cryptocurrency Market, Plans to Collaborate with U.S. Regulators
Summary
- Morgan Stanley has announced that it is considering expanding its participation in the cryptocurrency market.
- The CEO stated that they will provide services safely in collaboration with U.S. regulatory authorities.
- He is positive about the sustainability of cryptocurrencies, stating that as time passes, the perception is more likely to become reality.
Global investment bank Morgan Stanley is considering expanding its participation in the cryptocurrency market in collaboration with U.S. regulators.
According to CNBC on the 23rd (local time), Ted Pick, CEO of Morgan Stanley, attended the World Economic Forum in Davos, Switzerland, and stated, "We will explore ways to provide (cryptocurrency) services safely in collaboration with the U.S. Treasury and other regulatory authorities." Previously, in 2021, Morgan Stanley became the first major bank to allow asset management clients to invest in Bitcoin funds.
He also expressed a positive outlook on the sustainability of cryptocurrencies. CEO Pick added, "Time is a friend of cryptocurrency," and "The longer (cryptocurrency) trading continues, the more likely perception will become reality."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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