atlas21 on Nostr: CRYPTO - Goldman Sachs is gearing up to enter the cryptocurrency market. CEO David ...
CRYPTO - Goldman Sachs is gearing up to enter the cryptocurrency market. CEO David Solomon has expressed a tangible interest in Bitcoin and Ethereum, though any move remains contingent on regulatory approval.
At the Reuters NEXT event, Solomon stated that the firm’s ability to participate in spot trading for Bitcoin and Ethereum was “extremely limited” from a regulatory standpoint. The CEO remarked:
“You have to ask regulators because, at the moment, as a regulated banking institution, and I think you know this, we’re not allowed to own a cryptocurrency like Bitcoin as a principal. If, from a regulatory perspective, we were allowed to interact in these assets, we have a pretty big infrastructure.”
https://atlas21.com/goldman-sachs-opens-up-to-bitcoin-the-bank-is-ready-to-enter-the-digital-asset-market/
At the Reuters NEXT event, Solomon stated that the firm’s ability to participate in spot trading for Bitcoin and Ethereum was “extremely limited” from a regulatory standpoint. The CEO remarked:
“You have to ask regulators because, at the moment, as a regulated banking institution, and I think you know this, we’re not allowed to own a cryptocurrency like Bitcoin as a principal. If, from a regulatory perspective, we were allowed to interact in these assets, we have a pretty big infrastructure.”
https://atlas21.com/goldman-sachs-opens-up-to-bitcoin-the-bank-is-ready-to-enter-the-digital-asset-market/