BlocksInform
According to Reuters, Goldman Sachs' CFO John Waldron told investors that the bank is exploring ways to satisfy rising demand for bitcoin ownership and investment while complying with current regulations. Waldron explained that client interest in Bitcoin is increasing.
I was quoted saying: Clients are seeking more services. A number of things are controlled by legislation.
Client demand is rising. We are regulated on what we can do. We continue to evaluate it … and engage on it.
The bank, as reported, has restarted its cryptocurrency trading desk earlier this month and is reportedly now dealing bitcoin futures and non-deliverable forwards on behalf of its clients. The report last year revealed that the bank had plans to enter the cryptocurrency market by offering custody services for crypto.”
Goldman, according to Waldron, can custody cryptoassets but it “can’t principle” them, and is currently in talks with central banks and regulators on how banks should be regulated when dealing with cryptocurrencies.
CoinCompare shows bitcoin is currently above $56,000. MicroStrategy, Tesla, Square, MassMutual, Seetee, and Meitu have all invested in the cryptocurrency space, with MicroStrategy and Tesla investing over $1 billion in Bitcoin.
Based on public information, Meitu is one of the only firms known to have purchased ETH.Featured image via Pixabay. CryptoCompare data shows bitcoin is currently trading above $56,000. Waldron indicates that the bank is exploring how it can satisfy the demands of customers for owning and investing bitcoin, while still complying with the current rules and regulations. According to Reuters, Waldron pointed out that cryptocurrency demand is rising.
His words were quoted as saying: The client's demands are growing. Meitu is the only firm known to have also bought ETH.
Featured image via Pixabay.
