Articles
-
Bitcoin Will Require Regulation To Sustain Its Rally - Morgan Stanley
Bitcoin might not see additional gains after almost tripling its price in 2017 until some government regulations are introduced, this according to a report by Morgan Stanley.
The investment bank said that “rapid appreciation” of cryptocurrencies, such as bitcoin, had “elicited many inbound phone calls to both our banks and tech teams.”
The reasons for this surging interest include “investors in search of uncorrelated risk assets and technologists looking for incremental security,” the firm wrote in a Tuesday report titled ‘Blockchain: Unchained?’.
But, the bank added that “governmental acceptance would be required for this to further accelerate, the price of which is regulation.”
This kind of thinking goes against why many value bitcoin — its central principle of decentralization.
Read full article
-
Authorized Person for MEX NEPAL
Mob: +977 9856030634 -
Biratnagar Branch Manager
Mob: +977 9852033934 -
Our Clearing Member
-
Our Banking Partners
-
-
-
