New Cryptocurrency Report from Morgan Stanley! “These Platforms Are The Next Target For US Regulators!”

After the challenging 2022, investors and cryptocurrency While the industry expects relief in 2023, regulatory pressure from the US continues to push the industry.

Because US regulators Karaken and Binance accelerated its actions against crypto money platforms such as

In this context, among the banking giants of the USA, Morgan Stanley addressed these regulatory actions in its latest report.

According to the news of Coindesk, Morgan Stanley analysts said that US regulators may be about to step up their actions against crypto money platforms and the banks that provide services to these platforms.

Analysts Sheena Shah and Kinji C. Steimetz also noted that the crypto-friendly bank Silvergate’after the liquidation decision of the US regulators Signature Bank and crypto exchange BinanceHe stated that they expect him to focus on his actions.

The Fed, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Foreign Exchange Controller (OCC) banks recently. cryptocurrency Analysts, referring to the statement warning them to take into account the liquidity risks related to their units, continued their words as follows:

“A ramp has been shut down in the US for converting fiat currency to crypto.

Without the ability to provide the ramps between fiat money and cryptocurrency, flow into the crypto industry will slow.”

Analysts said that Silvergate shares fell 58%. “Silvergate is at the center of the growth of the crypto industry as a US-registered bank providing crypto services to crypto exchanges.” said.

Finally, analysts reiterated that the main focus of US regulators after the liquidation of Silvergate will now be the actions of rival crypto bank Signature and the largest crypto exchange Binance.