The CEO of bank giant Morgan Stanley reportedly says that the company is willing to work with American supervisors in the field of crypto offer.
According to a new one report By CNBC, Morgan Stanley CEO Ted Pick works together with regulatory authorities to see if it can continue to venture into the digital assets industry.
Such as Pick against CNBC at the World Economic Forum stated:
“For us, the comparison is real [about] Whether we can act as transaction partners as a highly regulated financial institution. We are going to collaborate with the Ministry of Finance and the other supervisors to find out how we can offer that in a safe manner. ”
The report says that banks under the Biden government should not have a physical possession of Bitcoin (BTC) and could only deal with derivatives. The CEOs of two huge banking institutions-Goldman Sachs and Bank of America-have already shown interest in investing in the most important crypto assets in terms of market capitalization.
Brian Moynihan, CEO of Bank of America, told CNBC that the company is waiting for approval from the regulator to fully embrace crypto-assets and blockchain technology.
“If the rules come and it becomes a real thing that you can actually do business with, you will find that the banking system will intervene hard. We already have hundreds of patents on blockchain, we know how to enter the field. “
Earlier this year, the former head of the American Securities and Exchange Commission (SEC), John Reed Stark, which by allowing his broker on BTC-based Exchange-Traded Funds (ETFs) to customers, opened it opened for ” the biggest sec and finra examination. ” A breakthrough in history. ”
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