Stablecoin industry opposes Bank of England’s unhosted wallet ban
The crypto industry in the UK has come out against the Bank of England’s proposed policy that would ban custodial wallets for stablecoins....
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Morgan Stanley pilots crypto trading on E*Trade with 50-basis-point fee: Bloomberg
Morgan Stanley pilots crypto trading at 50 basis points, expanding digital asset push weeks after launching a bitcoin ETF....
Morgan Stanley takes on crypto trading rivals with E*Trade pilot
Morgan Stanley launched crypto trading on E*Trade with 50 basis points fees, undercutting Coinbase and Robinhood. The pilot reaches 8.6 million clients later this year. This marks another Wall Street push into retail crypto as traditional brokers compete with crypto exchanges. The move follows Morgan Stanley's Bitcoin ETF launch, signaling institutional acceptance of digital assets in mainstream investing.
Why stablecoins and SWIFT may have to coexist
Remittance firms are using crypto to bypass parts of traditional settlement infrastructure, but this does not mean SWIFT is disappearing....