In order to meet the skyrocketing demands of its customers, is assessing ways their customers can own an invest bitcoin, without defaulting th e regulations as reported by John Waldron, the President and Chief Operating Officer.
The demands of clients is rising and the Bank is regulated on what to and so the pertinent thing to do is to continue to assess it and engage it.
Godlman Sachs Group Inc. recently started its trading desk for cryptocurrrency and also began doing business on bitcoin futures and no-delivery forwards fir client’s one-delivery.
A bitcoin exchange traded fund is being explored by the bank and also, the bank has demanded for information for digital asset custody.
The bank, Goldman can custody digital assets, but can’t principle them and the bank is recently on vital discussions with central banks and the regulators as it relates to digital money, as opined by Goldman.
On the feasible ways to regulate brokers that are holding digital assets for clients is one of the vital concerns of the U>S Securities and Exchange Commission and there have been comments demanded from the public on the matter in December.
There was an explosion caused online by the pandemic on commerce and the consumers had to spend more time buying goods from their couch than in person. However, it is believed that customers buying goods from their couch will continue and this will lead to corresponding explosion in the digital currency. As posited by Waldron.
Waldron also opined that there will more digital commerce, because the pandemic has been a distinctive accelerant.