Investment bank Morgan Stanley said in its report that it receives a lot of calls from people interested in investment opportunities associated with bitcoins and other crypto-currencies. Nevertheless, the bank believes that Bitcoin and its ecosystem should submit to regulation before the bank can begin to work with them.
The bank believes that the blockchain can be "adequately" controlled.
"Regulators want to have a master key, with which they will see all the transactions," the bank said.
The investment bank also mentioned that it has no idea why bitcoin and other crypto currencies are growing so fast. According to the experts of the bank, uncontrollable price growth was caused by unrestrained speculation on kryptons, and the siting should be urgently taken under control.
The ordering offered by Morgan Stanley includes the creation of so-called "allowed blockchain ", about which the bank wrote last May in a blog called "Banking on the blockchain ". These are controlled blockchain, to which only authorized persons can access.
"Allowed blockchain are a digital distributed ledger, where authorized users can record, process and check transactions - to optimize their own operations and costs."
Bullshit!
FUCK YOU BANKERS. LOL YOU WILL BE JUDGED.
It'll become too centralised if that is the case.
That is the point, to take control and track everybody spending. It is nobody business has to how we spend our cash or crypto. That is why i am against this and so many other laws against FREEDOM.
I think the war against bitcoin and crypto is about to begin, governments are beginning to wake up to the danger.
DING! DING! round one.
FUCK THAT!!!
Agreed!
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