One of the world's leading investment banks has reiterated their desire to bring Bitcoin to clients. The CEO, David Solomon, speaking on behalf of Goldman Sachs in an interview said
“We(Goldman Sachs) continue to think about digital currencies and the digitization of money in a very proactive way,” and continued by discussing how the firm “can help clients facilitate custody positions in digital assets.
This is coming at a time when the investment bank brought back its Bitcoin trading desk and will be offering numerous Bitcoin investment opportunities.
Regulations
According David Solomon, regulatory authorities will have a huge role to play in the present and future of cryptocurrencies.
In fact, he strongly believes that there will be an evolution in the regulatory requirements for cryptocurrencies. In his statement, he stated that
I think there’ll be a big evolution as to how this evolves in the coming years
These regulatory changes cannot come soon enough too. In recent times, Goldman Sachs customers have shown increased interest in Bitcoin and the investment banks ability to satisfy the needs of clients has been somewhat stifled due to the regulations surrounding crypto.
Speaking about the regulations, David offered this statement;
There are significant regulatory restrictions around us and us acting as a principle around cryptocurrencies like bitcoin.
Generally speaking, it's safe to say that the investment bank's hands are tied. However, with a plethora of high-end clients that have their tentacles in high places, it's only a matter of time before the door is knocked down and we begin to see more changes in cryptocurrency regulations.