Morgan Stanley to host bitcoin microfinance event

NEW YORK (MarketWatch) — Morgan Stanley will be hosting a bitcoin event on Thursday at its New York headquarters, despite CEO James Gorman saying the virtual currency is “totally surreal”. Three bitcoin supporters, Marco Santori, Juan Llanos and Rik Willard, will present at the panel organized through the MicroFinance Club of New York titled “Digital Currencies in Microfinance: Their impact on remittances and financial inclusion”. Morgan Stanley employees are expected to attend. Morgan Stanley had no comment. Morgan Stanley is the only major investment bank that has not published a report on the controversial currency. The recent collapse of bitcoin exchange Mr. Gox has caused alarm in the industry about the stability and security of the virtual currency.

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