Wall Street opens its arms to bitcoin, but doubts linger
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By Lynn Thomasson and Joanna Ossinger
February 19, 2021 4.30am
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A week after Tesla announced its $US1.5 billion investment in bitcoin, the digital asset continues to make inroads into traditional finance, including news that an investment unit of Morgan Stanley is considering whether to bet on bitcoin. Canada also approved the first North American bitcoin exchange-traded fund.
Bitcoin is gaining more acceptance with Wall Street giants, but it still has its sceptics.
Credit:AP
And there’s evidence that more companies are beginning to add services for cryptocurrencies an asset class that is still lightly regulated and controversial among policymakers. On Thursday, BNY Mellon said it’s formed a new team that’s developing a custody and administration platform for traditional and digital assets. Mas
Wall Street opens its arms to bitcoin, but doubts linger
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Wall Street opens its arms to bitcoin, but doubts linger
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