Bank Begins Blocking Shares Of Companies Who Buy Bitcoin
At the height of the last so-called Bitcoin “bubble” banks began feeling the crunch of coming competition and began blocking transactions related to “virtual currencies.” But as we’ve seen as of late, banks are finally coming around along with the rest of the finance world. However, not all banks are hopping on the bandwagon, and others are back to their old bag of tricks, blocking investors from not just investing in crypto itself, but companies […]
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It was the Central Bank of Jordan's (CBJ) turn to issue a digital currency warning this week, advising the public of the risks associated with the use of the financial tools, and blocking financial companies from engaging in bitcoin business. "Recently, a global phenomenon of trading a virtual currency called bitcoin became active around the world," the bank noted, adding: "CBJ seeks to protect citizens and the investors, by warning them that virtual currencies are not legal tender and there is no obligation on any central bank in the world or any government to exchange its value for real....
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The investment firm has increased its shares of GBTC by more than 105% since April. Major U.S. investment bank Morgan Stanley has more than doubled its shares of Grayscale Bitcoin Trust since April.According to a report from the U.S. Securities and Exchange Commission, or SEC, filed Sept. 27, the Morgan Stanley Europe Opportunity Fund, which invests in established and emerging companies throughout Europe, owned 58,116 shares of the Grayscale Bitcoin Trust, or GBTC, as of July 31. At the time of publication, the price of GBTC is $34.28, making the investment bank’s exposure to Bitcoin (BTC)....
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