Bitcoin Steady Above $57,000 As Morgan Stanley Unveils Plans To Invest Clients In Cryptoassets

Grayscale Decentraland Trust, Grayscale Filecoin Trust and Grayscale Livepeer Trust.

The launch comes amid surging interest and record prices for many cryptoassets. Greyscale’s CEO Michael Sonnenshein said digital currencies have reached an “inflection point”, with investor demand skyrocketing.

“Every day we’re seeing new entrants to what has surely become a bona fide asset class,” he said. 

David Derhy, analyst, eToro

Thailand plans to regulate stablecoins this year

The Bank of Thailand has said it plans to regulate a popular digital currency pegged to the Thai Baht later this year.

Thai Baht Digital (TBD) is a stablecoin issued by South Korean firm Terra. Under the incoming rules, Baht-denominated stablecoins such as TBD will be classified as e-money and issuers will need to be approved by the Thai central bank.

While the Bank of Thailand has said it is looking at options from market regulators on this, it said it would not be looking to regulate bitcoin and other decentralized cryptoassets.

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