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Wall Street opens its arms to bitcoin, but doubts linger

Wall Street opens its arms to bitcoin, but doubts linger We’re sorry, this service is currently unavailable. Please try again later. Dismiss By Lynn Thomasson and Joanna Ossinger February 19, 2021 4.30am Normal text size Advertisement 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

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