Goldman Sachs CEO David Solomon foresees “massive evolution” coming to cryptocurrency regulation as demand for bitcoin from shoppers continues to rise. He says that Goldman will “proceed to search out methods to serve our shoppers as we transfer ahead.”
Crypto Regulation Will Expertise ‘Massive Evolution,’ Says Goldman Sachs’ Chief
David Solomon, the CEO of world funding financial institution Goldman Sachs, shared his view on cryptocurrency regulation in an interview with CNBC this week.
Relating to the regulation for bitcoin and different cryptocurrencies, the Goldman Sachs govt mentioned he thinks that cryptocurrency “is an area that’s evolving,” predicting:
I feel there’ll be an enormous evolution as to how this evolves within the coming years.
Emphasizing that his firm operates throughout the guidelines set by regulators, the Goldman Sachs CEO famous: “I’m not going to invest on the place the foundations will go for regulated monetary establishments, however we’re going to proceed to search out methods to serve our shoppers as we transfer ahead.”
Solomon detailed that Goldman Sachs is targeted on help demand from shoppers for bitcoin and different cryptocurrencies. “We proceed to consider digital currencies and the digitization of cash in a really proactive approach,” he opined, mentioning particularly that his agency “will help shoppers facilitate custody positions in digital belongings.”
The Goldman Sachs chief reiterated: “As our shoppers have demand to be concerned on this house we are able to proceed to search out methods to help our shoppers … That’s the lens that we’re actually wanting by.” Solomon clarified:
There are important regulatory restrictions round us and us appearing as a precept round cryptocurrencies like bitcoin.
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