Disappointing: Goldman Sachs has postponed plans on creation of their own crypto currency exchange
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Even Goldman Sachs are not yet ready for Bitcoin. According to anonymous sources, puts investment plans on opening a trading platform for cryptocurrency. The reason is the lack of a clear regulatory laws around digital assets. About it writes .
thethe Rise of Bitcoin is delayed
Goldman Sachs does not leave the industry completely, still inside the Bank custody solution for large captainvalor. Plans for own crypto currency exchange has been postponed, but not canceled.
Recall that the first information about the establishment of trading platforms at Goldman Sachs was made in early summer. Over the past few months analysts of the investment Bank actively studied the rapidly growing industry of crypto-currencies. However, recently the speaker of Goldman Sachs made a disappointing statement.
In response to the requests of our clients about digital assets — we are still exploring the practical application of Bitcoin in Finance. At the moment, our team of analysts has not yet come to a consensus on this issue.
For the First time Goldman Sachs is officially the interest in the stock market in October of last year. Then the news of the publication of the Bank reported on the establishment of a special working group for the study of crypts. The case moved from the dead point in December — representatives of Goldman Sachs announced the creation of a proprietary trading platform for Bitcoin June.
In April, the personnel Department of the institution has hired Justin Schmidt, who took over as head of the research Department digital assets. Prior to that, Schmidt worked as a trader in a hedge Fund Seven Eight Capital.
A month Later, things went not so smoothly — Goldman Sachs reported some problems with financial regulators. According to Schmidt, the investment Bank needed permission from the Federal Reserve Bank to open the trading platform. The representative of the FRB, Lail Brainard noted that Bitcoin has good prospects. However, before the development of cryptocurrencies are formidable — it's too high volatility and numerous cases of money laundering.
Statement of Goldman Sachs seriously by the stock market — over the past day it has lost nearly $ 40 billion capitalization, and the Bitcoin dropped to 6400 dollars.
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