Mexico’s finance minister Arturo Herrera has said cryptocurrencies aren’t legal tender assets and banks aren’t authorized to deal with them “in order to maintain a healthy distance between these and the financial system.”

Popular cryptocurrency exchange Huobi is barring users in 10 countries or regions from trading crypto derivatives, according to an updated User Agreement that comes a month after the firm said it would ban these products in “a few specified countries and regions.”

Through its Europe Opportunity Fund, Morgan Stanley has purchased 28,289 shares of Grayscale Bitcoin Trust.

Top stories in the Crypto Roundup today:

• Cryptocurrencies are Banned from Mexico’s Financial System, Finance Minister Confirms
• Huobi Bars Customers in 10 Countries From Trading Crypto Derivatives
• Morgan Stanley Fund Buys 28,000 Grayscale Bitcoin Trust Shares

Cryptocurrencies are Banned from Mexico’s Financial System, Finance Minister Confirms

Mexico’s finance minister Arturo Herrera has said cryptocurrencies aren’t legal tender assets and banks aren’t authorized to deal with them “in order to maintain a healthy distance between these and the financial system.”

During a presentation to the Financial Action Task Force, Herrera said those bans are unlikely to be lifted in the short term. A four-page communiqué detailing the government’s position on cryptocurrencies is set to soon be published.

Herrera’s words came shortly after billionaire Ricardo Salinas Pliego said he was working to make Banco Azteca the first bank in Mexico to accept bitcoin. Pliego is chairman of Grupo Salinas, the bank’s parent company.

The central bank of Mexico, the finance secretary and the National Banking and Securities Commission also issued a joint statement specifying cryptocurrencies are neither legal tender assets nor currencies in the current legal framework.

Huobi Bars Customers in 10 Countries From Trading Crypto Derivatives

Popular cryptocurrency exchange Huobi is barring users in 10 countries or regions from trading crypto derivatives, according to an updated User Agreement that comes a month after the firm said it would ban these products in “a few specified countries and regions.”

Huobi has reportedly already barred people in another 11 countries from conducting crypto transactions. These regions include the U.S., Japan, Canada, North Korea, Iran, and Crimea.

The full list of newly barred regions includes:

“Anyone from mainland China, Taiwan, Israel, Iraq, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Sevastopol and the U.K. (in the U.K., retail investors only) is prohibited from using the derivatives trading services provided by Huobi’s website. “

Huobi is the latest trading platform to scale back its services amid China’s crackdown on cryptocurrency exchanges and over-the-counter desks.

Morgan Stanley Fund Buys 28,000 Grayscale Bitcoin Trust Shares

Through its Europe Opportunity Fund, Morgan Stanley has purchased 28,289 shares of Grayscale Bitcoin Trust.

The move was revealed in an SEC filing and shows Morgan Stanley has been increasingly active in the cryptocurrency space in a bid to meet growing demand from clients. In April, the Wall Street giant allowed some of its funds to indirectly invest in bitcoin through cash-settled futures contracts and Grayscale’s Bitcoin Trust.

Each of the allowed funds, including the Variable Insurance Fund, the Insight Fund, and the Institutional Fund, may invest up to 25% of its assets in bitcoin. The Europe Opportunity Fund includes a mix of companies based in Europa in the technology and non-technology space among other investments.

Examining Luna’s price with Flipside Crypto

Interestingly, LUNA staking supply has continually grown in recent months, regardless of the price. Even immediately after the drop in price, @mike_platis, points, activity continued to increase, showing users’ confidence in the overall ecosystem. “Terra passed this stress test relatively well,” @mike_platis noted. “Convicted holders became buyers and immediately put their LUNA to work by staking it. This shows a real demand for LUNA as collateral and as a productive asset. LUNA is positioned as a value capture for all activity within the ecosystem.”

State of the Crypto by Top Tier Exchange Volume

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