Goldman eschews bitcoin but wants to help clients crypto-trade

US regulator wants financial industry to self-report wrongdoing. Many longtime bitcoin investors and traders believe that a clearer regulatory path paired with institutional involvement — however convoluted — could make all the difference in We shame the worst offenders. Disclaimer : This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Toggle Search.

Goldman Sachs Pivots on Crypto

NEW YORK, Nov 30 Reuters — Goldman eschews bitcoin but wants to help clients crypto-trade Sachs Group Inc is trying to figure out how to cater to investors who want to trade bitcoin even though the digital currency remains too volatile for the Wall Street bank to trade itself, according to comments by a representative and its chief executive officer on Thursday. The bank will trade in bitcoin if it becomes more established, trades in a less volatile manner and has more liquidity, he said. Even so, Goldman has been looking at ways to facilitate bitcoin trades for customers. It is still doing so, spokeswoman Tiffany Galvin told Reuters in a statement. Established in as a digital currency not backed or regulated by governments, bitcoin was mainly supported by technology enthusiasts at. Its reputation was marred by hacks that lost investors billions of dollars, and by those who allegedly used the currency to mask illicit dealings.

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N is trying to figure out how to cater to investors who want to trade bitcoin even though the digital currency remains too volatile for the Wall Street bank to trade itself, according to comments by a representative and its chief executive officer on Thursday. The bank will trade in bitcoin if it becomes more established, trades in a less volatile manner and has more liquidity, he said. Even so, Goldman has been looking at ways to facilitate bitcoin trades for customers. It is still doing so, spokeswoman Tiffany Galvin told Reuters in a statement. Established in as a digital currency not backed or regulated by governments, bitcoin was mainly supported by technology enthusiasts at first. Its reputation was marred by hacks that lost investors billions of dollars, and by those who allegedly used the currency to mask illicit dealings.

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