South Korea’s biggest internet company Naver has joined the race to acquire a stake in Bithumb digital currency exchange.
In an ironic turn of events, banking group Morgan Stanley has been handed a substantial fine for anti-money laundering failures, despite previously criticizing cryptocurrency exchanges for a lax approach to AML checks.
The position of global financial giant Morgan Stanley indicated that crypto is a “new institutional investment class,” a designation it has held for about a year.
Major global investment bank Morgan Stanley is planning to launch trading in crypto swaps for its clients, according to reports.
Arthur Breitman has been fined by the Financial Industry Regulatory Authority to the tune of $20,000 over a number of false statements he reportedly made regarding his venture whilst he was still an employee of Morgan Stanley.