David Solomon: “cryptocurrency regulation will evolve in the coming years”

Get real time updates directly on you device, subscribe now.

David Solomon, CEO of major investment bank Goldman Sachs, expects the U.S. cryptocurrency regulatory environment to improve significantly in the coming years.

During interview on CNBC, David Solomon said Goldman Sachs has a strong interest in digital assets and bitcoin, but US regulations currently prevent financial institutions from offering direct investments in such risky assets. However, he expects the situation to change quickly enough:

“We continue to actively consider digital currencies and ways to digitize money, we are constantly in touch with customers and identify their needs. I think there will be a big evolution in regulation. But while we are working under the current laws and I do not want to speculate about how exactly cryptocurrencies will be regulated. We will just keep looking for ways to best serve our customers. ”

In early April, Former Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton expressed confidence that over time, Bitcoin will receive proper regulation in the US. Earlier it was reported that Goldman Sachs will provide its clients with the opportunity to invest in bitcoin in the second quarter of this year.

Telegram channel!

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.