Morgan Stanley CEO: Plans to work with US regulators to explore cryptocurrency market

Odaily News Morgan Stanley CEO Ted Pick said at the World Economic Forum in Davos that the bank will work with the U.S. Treasury and other regulators to explore the possibility of safely providing cryptocurrency services. He pointed out that as a highly regulated financial institution, the core issue is whether it can participate in cryptocurrency transactions in a legal capacity. Ted Pick believes that the long-term survival of cryptocurrencies such as Bitcoin and their ability to cope with market fluctuations may prove their value, and time will be a friend of cryptocurrency growth. As the Trump administration promotes the introduction of a regulatory framework for cryptocurrencies, traditional financial institutions including Morgan Stanley and Bank of America may further deepen their involvement in this field. (CNBC)