Is this news in correlation to Coinbase closing their doors and stopping withdrawals completely now?
They still have all customers information and are giving it out to FBI agencies when ask for them.
Is this the envidiable end to the Coinbase operations of GDAX and wallet services?
Topic: [2017-06-14] Morgan Stanley says bitcoin needs regulation to keep rising (Read 3821 times)
June 15, 2017, 09:28:58 AM
June 15, 2017, 08:36:05 AM
The price/value of a BTC went from zero to about $3k without regulation, leading the author to assert without evidence: "But governmental acceptance would be required for this to further accelerate".
Apparently for Morgan Stanley there is some price point after which regulation is needed. Who knew? The NY bit-license of course comes to mind as a compelling counter-example.
Not much room for Morgan Stanley in a crypto-based economy, even if they do like private blockchains.
I call this a FUD piece. Such FUD seems to come in waves from time to time - bullish indicators for crypto imho, if you can keep your head despite all the messaging. Opinions and advice offered may or may not match any underlying facts.
Apparently for Morgan Stanley there is some price point after which regulation is needed. Who knew? The NY bit-license of course comes to mind as a compelling counter-example.
Not much room for Morgan Stanley in a crypto-based economy, even if they do like private blockchains.
I call this a FUD piece. Such FUD seems to come in waves from time to time - bullish indicators for crypto imho, if you can keep your head despite all the messaging. Opinions and advice offered may or may not match any underlying facts.
June 14, 2017, 08:54:24 PM
While Morgan Stanley is high on the blockchain technology that underpins bitcoin, analysts at the investment bank are a bit more cautious when it comes to the surge in the price of the virtual currency.
“The rapid appreciation of cryptocurrencies has elicited many inbound phone calls to both our banks and tech teams,” the firm wrote in a report titled ‘Blockchain: Unchained?’ that was released Tuesday.
“Possible explanations include investors in search of uncorrelated risk assets and technologists looking for incremental security. But governmental acceptance would be required for this to further accelerate, the price of which is regulation.”
full: https://www.paymentssource.com/articles/morgan-stanley-says-bitcoin-needs-regulation-to-keep-rising
“The rapid appreciation of cryptocurrencies has elicited many inbound phone calls to both our banks and tech teams,” the firm wrote in a report titled ‘Blockchain: Unchained?’ that was released Tuesday.
“Possible explanations include investors in search of uncorrelated risk assets and technologists looking for incremental security. But governmental acceptance would be required for this to further accelerate, the price of which is regulation.”
full: https://www.paymentssource.com/articles/morgan-stanley-says-bitcoin-needs-regulation-to-keep-rising
Government acceptance does not necessarily mean regulation. The government could acknowledge the presence of cryptocurrencies and state its intention to remain hands free. In many countries, the threat of a sudden ban weighs down cryptocurrencies. If this is removed (even if there is no regulation), the price could get a boost.
June 14, 2017, 11:49:45 AM
While Morgan Stanley is high on the blockchain technology that underpins bitcoin, analysts at the investment bank are a bit more cautious when it comes to the surge in the price of the virtual currency.
“The rapid appreciation of cryptocurrencies has elicited many inbound phone calls to both our banks and tech teams,” the firm wrote in a report titled ‘Blockchain: Unchained?’ that was released Tuesday.
“Possible explanations include investors in search of uncorrelated risk assets and technologists looking for incremental security. But governmental acceptance would be required for this to further accelerate, the price of which is regulation.”
full: https://www.paymentssource.com/articles/morgan-stanley-says-bitcoin-needs-regulation-to-keep-rising
“The rapid appreciation of cryptocurrencies has elicited many inbound phone calls to both our banks and tech teams,” the firm wrote in a report titled ‘Blockchain: Unchained?’ that was released Tuesday.
“Possible explanations include investors in search of uncorrelated risk assets and technologists looking for incremental security. But governmental acceptance would be required for this to further accelerate, the price of which is regulation.”
full: https://www.paymentssource.com/articles/morgan-stanley-says-bitcoin-needs-regulation-to-keep-rising
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