John Waldron, chief operating officer of Goldman Sachs, said the financial services giant is seeing more and more customers asking to own and invest in Bitcoin. Nonetheless, the COO explained that his organization is still exploring ways to meet this need without violating regulatory agencies.
“How to supervise banks when dealing with digital currencies”
In an interview, Waldron (also president of the banking giant) added that Goldman Sachs “is discussing with regulators and central banks how to supervise banks when dealing with digital currencies.” At the same time, he explained that the financial giant is satisfied When customers demand a unique approach, Waldron said:
We are regulated in what we can do. We will continue to evaluate it…and continue to work hard.
In addition to finding ways to meet the growing consumer demand for cryptocurrencies, the Reuters report also revealed that “Goldman Sachs is still exploring the Bitcoin exchange-traded fund (ETF) and has issued a request for information to explore digital asset custody.”
“Covid-19 pandemic pandemic drug”
At the same time, Waldron was quoted in the same report to explain how the Covid-19 pandemic caused an “online business explosion” and how this trend is unlikely to change in the future. He said:
The pandemic is an important contributing factor. There is no doubt that there will be more digital commerce…and (using) digital currency.
At the same time, since Waldron revealed Goldman Sachs’ cautious encryption methods, however, recent reports indicate that the banking giant has “restarted its cryptocurrency trading department”. In addition, the banking giant “started trading bitcoin futures and undeliverable forward transactions for clients.”
Do you agree with Waldron’s statement that the use of digital currency will explode? You can tell us your thoughts in the comments section below.
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