US regulatory authorities
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Morgan Stanley: US regulators may increase their crackdown on banks providing services to encryption companies
It is reported that Morgan Stanley said in a research report on Wednesday that the US regulatory authorities may soon intensify their efforts to crack down on banks that provide services to encryption companies. The Silvergate Bank (SI) of cryptocurrency decided to close on the basis of industry and regulatory development, and closed the entrance to convert legal tender into cryptocurrency in the United States. Regulatory actions may also lead to the closure of other channels. Interpretation of this information: Morgan Stanley, a renowned financial institution, released a research report…