The current regulation of the cryptocurrency industry limits the ability of banks to work with digital assets, but this will change over time. This was announced by the CEO of the investment bank Goldman Sachs David Solomon on the air of CNBC.
“There are significant regulatory restrictions around us and us acting as a principle around cryptocurrencies like #bitcoin, “Says $ GS CEO David Solomon. “As our clients have demand to be involved in this space we can continue to find ways to support our clients.” pic.twitter.com/plRxHqmbsI
– Squawk Box (@SquawkCNBC) April 6, 2021
According to him, the crypto market will continue to develop due to the growing demand of users.
“I think there will be a major evolution in the coming years. I will not speculate about exactly what changes will take place. But we are working within the existing rules and will look for ways to further serve customers, ”said Solomon.
The CEO of Goldman Sachs added that the bank is closely monitoring the digital asset space:
“We continue to actively think about digital currency and digitalization of money based on the wishes of our customers,” he said.
Recall that in early March, Goldman Sachs restarted the work of the department of client operations with cryptocurrencies.
Later, the bank announced its intention to open access to investment instruments based on bitcoin in the second quarter of 2021.
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