{"id":147404,"date":"2025-01-23T17:20:17","date_gmt":"2025-01-23T15:20:17","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=147404"},"modified":"2025-01-23T17:24:39","modified_gmt":"2025-01-23T15:24:39","slug":"morgan-stanley-signals-big-plans-for-cryptocurrency-expansion","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/morgan-stanley-signals-big-plans-for-cryptocurrency-expansion\/","title":{"rendered":"Morgan Stanley Signals Big Plans for Cryptocurrency Expansion"},"content":{"rendered":"

Speaking<\/a> <\/strong>at the World Economic Forum in Davos, Pick stressed the importance of balancing innovation with compliance, noting that Morgan Stanley is working with U.S. regulators to explore safe ways to engage in the crypto market.<\/p>\n

Morgan Stanley has been a leader among traditional banks in crypto adoption, becoming the first to offer Bitcoin investment funds to wealthy clients in 2021 and later introducing Bitcoin ETFs. However, regulatory restrictions still prevent banks from directly holding cryptocurrencies, a limitation echoed by Goldman Sachs CEO David Solomon, who highlighted the need for clearer guidelines.<\/p>\n

Pick also commented on Bitcoin\u2019s resilience, suggesting its longevity and growing acceptance could mark a turning point for the crypto industry. Meanwhile, Bank of America CEO Brian Moynihan expressed readiness to embrace digital assets, citing the bank\u2019s extensive blockchain patents as evidence of its preparedness.<\/p>\n