Morgan Stanley Plans to Apply for a Bitcoin Bank! Cryptocurrency Enters a New Chapter of Legitimization Morgan Stanley announced that it will apply to become a "Bitcoin bank" and plans to legally hold cryptocurrencies for its clients. This move marks a significant increase in traditional financial institutions' acceptance of crypto assets, paving the way for the legalization and mainstream adoption of the crypto market. Morgan Stanley's strategic shift highlights the potential of cryptocurrencies as an asset class, and the banking industry is gradually adapting to this emerging field. By officially participating in cryptocurrency holding and management, Morgan Stanley will offer its clients a broader range of crypto investment services.