Morgan Stanley expects crypto banking regulatory rules to arrive early

A research report released by Morgan Stanley last week showed that regulators hope to create rules for cryptocurrency companies sooner than expected.

Previously, the Federal Reserve (Fed), the Federal Reserve Insurance Fund (FDIC) and the Monetary Commission (OCC) issued a statement on November 23, setting out "standards" of rules for service companies in the United States. following areas: yes. Cryptocurrency field ".

The report notes that while people are already aware that regulators are developing these processes, the "speed" of the issue lies well in the "early" phase of new rule making.

As Morgan Stanley analysts have said, "Well-established policies will help drive adoption of crypto assets and related services." This is ideal for crypto banks like Silvergate and Signature.

The bank believes the biggest risk is that policymakers will be too quick. "Negative measures affect adoption of cryptocurrency." While this is not an easy situation, "regulators are still concerned about cryptocurrency issues. Thoughts. A strict (or restrictive) restriction on growth."

He stressed that the services that go into the capital of this new framework will include "storage, simplification of buying / selling of crypto assets to consumers, lending of crypto assets, advertising and distribution of fixed profits. , and are associated with financial institutions ". The function of holding crypto assets ".

The regulator "will also review the investment portfolio and revenue procedures that banks must follow when providing crypto-related services."