The CBI’s survey of Square Mile firms also reveals that 70 per cent of banks, insurers and investment managers say they are “confident” they will have plans in place by the time the UK leaves the EU at the end of March 2019
Today, Ma also took pot shots at the traditional banking industry, saying financial institutions were over-charging for overseas payments.
"If people pay to hold the tokens for financial gain, then arguably they should be treated as a security and come under the same rigorous documentation requirements and regulation as other securities offered to investors for a return,"
Investors may, and sometimes do, cancel redemption notices. In addition, the establishment and enforcement of redemption notices may vary from fund to fund.
Phillip Nunn, whose predictions about Bitcoin’s future have already partially come true, believes that in 2018 Bitcoin will be traded for $60,000.
“In fact, year to date 2018 flows are running slightly better than a year ago, indicating stability in overall capital movements.”
“Innovation is deeply embedded in Morgan Stanley’s DNA and crucial to driving our business forward,” said Robert Rooney, Morgan Stanley’s Global Head of Technology."
New York-based Capital Fund Law Group specialises in providing legal services to the hedge fund industry and has advised around 30 cryptocurrency hedge funds on setting up over the last year, according to Lore.
Instead, Deutsche Bank harbors plans of a digital platform, and will provide further details in the fourth quarter.