Goldman Sachs drops Bitcoin trading plans for the time being

posted 11 months ago
Goldman Sachs is reportedly ditching plans to open a desk for trading cryptocurrencies as the regulatory framework for crypto remains unclear, however they are moving forward with their custody service, according to people familiar with the matter. In recent weeks, Goldman executives have concluded that many steps still need to be taken, most of them outside the bank’s control, before a regulated bank would be allowed to trade cryptocurrencies.

Goldman Sachs spokesperson Michael DuVally said “At this point, we have not reached a conclusion on the scope of our digital asset offering."
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