In December 2020, local media reported that Khyber Pakhtunkhwa authorities legalized crypto assets and cryptocurrency mining—putting the province well ahead of he national government, where crypto assets currently reside in a grey area.
Breaking ground, Morgan Stanley offers Bitcoin funds to wealthy customers
Offered by a major bank, the three funds from Galaxy Digital, FS Investments, and NYDIG are another step towards the mainstreaming of Bitcoin
In a first by a big bank, international investment bank Morgan Stanley announced that is offering certain wealthy customers access to Bitcoin funds. According to a March 17 CNBC report, Morgan Stanley will offer funds from Galaxy Digital, FS Investments, and New York Digital Investment Group as part of its wealth management service. Morgan Stanley, which has $4 trillion in assets under management, reportedly told its financial advisors in an internal memo today that it intends to offer the funds exclusively to customers it feels have “aggressive risk tolerance” as well as at least $2 million on account with the bank. Investment forms will need accounts of at least $5…
Visa CEO: We’ll let you spend crypto at 70 million merchants
Al Kelly said Visa wants to be an intermediary between crypto holders and merchants—the role Satoshi Nakamoto sought to eliminate with Bitcoin
“We’re trying to do two things,” Kelly said. “One is to enable the purchase of bitcoin on Visa credentials.” The second, he added, is “working with bitcoin wallets to allow the bitcoin to be translated into a fiat currency” that can be immediately “used at any of the 70 million places around the world where Visa is accepted.”
Chinese firm enters Bitcoin mining with $155M ASIC machine order
Despite China’s growing pollution-based crackdown on Bitcoin production, Zhongjia Bochuang wants 2,000 crypto mining machines running by May, with plans to grow to 20,000
While the mining machines are a new business line for ZJBC, it is not the AI and cloud communications-focused company's first foray into the cryptocurrency mining business. It noted that one of its subsidiaries, Changshi Telecommunication, has been building and maintaining blockchain mining farms since 2018.