Morgan Stanley just made a massive investment in Bitcoin through Greyscale. SEC filing.
They are acting on their clients investment demands.

This while the UK have decided cryptocurrencies are NOT currencies but assets.
They have sneakily started calling them cryptoassets so they can charge capital gains tax on profits.
HMRC recently quietly published new rules.

So the new Chinese digital Yuan is in fact not a currency but a cryptoasset.

How the hell are they going to regulate thousands of cryptocurrencies and tokens?

If they make it difficult to invest via their banks they will over time only make them more in demand.

Disclosure. I have no investment in Bitcoin.