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 seek out methods to serve our shoppers as we transfer ahead.”
Crypto Regulation Will Expertise ‘Huge Evolution,’ Says Goldman Sachs’ Chief
David Solomon, the CEO of worldwide funding financial institution Goldman Sachs, shared his view on cryptocurrency regulation in an interview with CNBC this week.
Concerning the regulation for bitcoin and different cryptocurrencies, the Goldman Sachs government mentioned he thinks that cryptocurrency “is an area that’s evolving,” predicting:
I believe there’ll be an enormous evolution as to how this evolves within the coming years.
Emphasizing that his firm operates inside the guidelines set by regulators, the Goldman Sachs CEO famous: “I’m not going to take a position on the place the principles will go for regulated monetary establishments, however we’re going to proceed to seek out methods to serve our shoppers as we transfer ahead.”
Solomon detailed that Goldman Sachs is concentrated on the right way to assist 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 “may help shoppers facilitate custody positions in digital property.”
The Goldman Sachs chief reiterated: “As our shoppers have demand to be concerned on this house we will proceed to seek out methods to assist our shoppers … That’s the lens that we’re actually wanting via.” Solomon clarified:
There are important regulatory restrictions round us and us performing as a precept round cryptocurrencies like bitcoin.
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