David Solomon, CEO of Goldman Sachs, anticipates a “big development” in cryptocurrency regulation as customer demand for Bitcoin continues to grow. He says Goldman “will continue to find ways to serve our customers as we move forward”.
Crypto regulation will see a “big development,” says Goldman Sachs’ boss
David Solomon, CEO of global investment bank Goldman Sachs, shared his opinion on cryptocurrency regulation in an interview with CNBC this week.
Regarding regulation for Bitcoin and other cryptocurrencies, Goldman Sachs chief executive said he thinks cryptocurrency is “a space that is evolving,” and predicts:
I think there will be a big evolution in how this will play out in the years to come.
Stressing that his company operates within the rules set by regulators, the Goldman Sachs CEO noted, “I will not speculate on where the rules for regulated financial institutions will go, but we will continue to find ways to serve our customers, as we go forward. “
Solomon stated that Goldman Sachs is focused on supporting customer demand for Bitcoin and other cryptocurrencies. “We continue to be very proactive about digital currencies and the digitization of money,” he said, noting that his company “can help customers make it easier for them to hold digital assets.”
The head of Goldman Sachs reiterated: “As our customers demand to be involved in this area, we can continue to find ways to support our customers. That is the lens we really look through.” Solomon stated:
There are significant regulatory restrictions around us and we act as a principle for cryptocurrencies like bitcoin.
Goldman Sachs recently brought back its Bitcoin trading desk and will offer a “full spectrum” of Bitcoin investments. The company sees tremendous institutional demand for Bitcoin.
Do you agree with the CEO of Goldman Sachs on regulatory developments in the crypto space? Let us know in the comments below.
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