Goldman Sachs CEO David Solomon visualizes “huge development” coming to cryptocurrency regulation as need for bitcoin from customers continues to increase. He states that Goldman will “continue to discover methods to serve our customers as we move forward.”

Crypto Regulation Will Experience ‘Big Evolution,’ Says Goldman Sachs’ Chief

David Solomon, the CEO of international financial investment bank Goldman Sachs, shared his view on cryptocurrency regulation in an interview with CNBC today.

Regarding the regulation for bitcoin and other cryptocurrencies, the Goldman Sachs executive stated he believes that cryptocurrency “is an area that’s progressing,” forecasting:

I believe there’ll be a huge development as to how this progresses in the coming years.

Emphasizing that his business runs within the guidelines set by regulators, the Goldman Sachs CEO kept in mind: “I’m not going to hypothesize on where the guidelines will choose controlled banks, however we’re going to continue to discover methods to serve our customers as we move on.”

Solomon detailed that Goldman Sachs is concentrated on how to assistance need from customers for bitcoin and other cryptocurrencies. “We continue to consider digital currencies and the digitization of cash in a really proactive method,” he believed, pointing out particularly that his company “can assist customers assist in custody positions in digital properties.”

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The Goldman Sachs primary repeated: “As our customers have need to be associated with this area we can continue to discover methods to support our customers … That’s the lens that we’re truly checking out.” Solomon clarified:

There are considerable regulative limitations around us and us functioning as a concept around cryptocurrencies like bitcoin.

Goldman Sachs just recently revived its bitcoin trading desk and will be using a “complete spectrum” of bitcoin financial investments. The company is seeing big institutional need for bitcoin.

Do you concur with Goldman Sachs’ CEO about regulative development coming to the crypto area? Let us understand in the comments area below.

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