Morgan Stanley CEO Ted Pick has announced that the bank is collaborating with U.S. regulators to explore offering cryptocurrency transactions. Speaking at the World Economic Forum in Davos, Switzerland, Pick highlighted the bank’s commitment to deepening its involvement in cryptocurrency markets under the regulatory framework of the pro-crypto Trump administration.
Morgan Stanley CEO Working with Regulators on Crypto Offerings
Pick noted that the bank is keen on following the rules as it seeks to offer cryptocurrency services. He told CNBC’s Andrew Ross Sorkin,
“For us, really the question is: can a highly regulated financial institution participate in transactions.”
The CEO said that Morgan Stanley is to work with the US Treasury and other regulators to find out how to provide the crypto services safely and effectively. This step is consistent with the group’s history of being one of the pioneer investors in the cryptocurrency market.
Morgan Stanley has been on
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