Morgan Stanley Lifts Customer Restrictions on Cryptocurrency Funds, Reports CNBC

On October 10, it was revealed by CNBC that Morgan Stanley, a major US financial institution, has removed access restrictions to its cryptocurrency funds, allowing all clients to invest through any type of account, including retirement accounts, starting from October 15. Previously, cryptocurrency funds were only available to clients with aggressive risk tolerance and a minimum of $1.5 million in taxable accounts. The bank plans to introduce an automated monitoring process to prevent clients from overly concentrating in cryptocurrencies. According to a report by Morgan Stanley's Global Investment Committee on October 1, cryptocurrencies are considered speculative and are gaining popularity...