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Solomon (Goldman Sachs): Expected “Great Evolution” in Bitcoin Regulation

torajacybernews by torajacybernews
April 8, 2021
in Bitcoin, Ethereum, Market, Ripple
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Solomon (Goldman Sachs): Expected “Great Evolution” in Bitcoin Regulation
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Goldman Sachs CEO David Solomon has pointed out that bitcoin and digital currencies will soon undergo a “great evolution”, especially when it comes to regulation in the United States.

Solomon has granted an interview to the CNBC chain in which he has not wanted to reveal the details of the plans that the US financial institution has for cryptocurrencies and bitcoin, suggesting that the regulatory landscape in the United States presents, at the moment, several obstacles.

However, he has made it clear that the bank is closely monitoring digital currencies in the face of growing demand from customers.

The manager explained in the interview with CNBC that “we continue to think about digital currency and the digitization of money in a very proactive way”, but considers that there are “important regulatory requirements” regarding a movement towards the management of cryptocurrencies.

Goldman Sachs plans to begin offering bitcoin investment products to its wealth management clients. In addition, it has announced the reopening of its cryptocurrency trading desk.

Solomon added that “this is a space that is evolving, it is a space in which we are trying to respond to our customers. I think there will be a great evolution in the coming years ”.

Bitcoin traded at 57,919 euros on Tuesday, representing a decrease of 1.49% in the last 24 hours, according to an analysis by CoinMarket.com, although the figure is not far from the highs above 60,000 dollars that it reached a month ago.

Experts have highlighted that the market capitalization of bitcoin has remained above a trillion dollars.

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