The demand for Bitcoin and the rush to invest in the digital coin are growing daily. Despite the criticism and ‘fraud’ accusations, great names like Goldman Sachs Group Inc. are thinking about introducing a cryptocurrencies trading desk and what kind of legal bottlenecks are involved.
It was reported earlier that the company is considering the possibility for its investors to trade in Bitcoin. The bank is yet to commence cryptocurrency trading and is looking into the legal implications.
A bank as experienced as Goldman Sachs wouldn’t want to jump into a business that may face regulations in the future; it has to be sure that the possible hurdles are looked into before taking a leap.
Goldman CEO Lloyd Blankfein on Twitter:
"Still thinking about #Bitcoin. No conclusion -- not endorsing/rejecting. Know that folks also were skeptical when paper money replaced gold."
Full story at http://bit.ly/2yKykJa
Source: CoinTelegraph
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