Goldman Sachs CEO: We Act By The Rules On Bitcoin

 

Goldman Sachs CEO David Solomon announced that they are looking for “ways to support” their customers who show demand for Bitcoin and cryptocurrencies. Referring to legal restrictions on cryptocurrencies, he said they were acting “according to the rules” for the time being.

David Solomon spoke today on CNBC's Squawk Box program about the bank's plans for Bitcoin. The CEO of Goldman Sachs said there were “significant restrictions” on regulation for Bitcoin and cryptocurrency-based services.

“We find ways to support”

David Solomon explained that they can offer custody service to their customers who want to enter the sector. Emphasizing the limitations of the services they can offer as a bank, he said: “as demand comes in from our customers, we continue to find ways to support them." said.

On whether these regulations will change, the CEO of Goldman Sachs said, “I think the cryptocurrency sector is a sector that has undergone evolution. This is an industry that we are trying to respond to our customers. In the following years, there may be a great evolution." said.

Goldman Sachs announced this year that it will reopen its trading desk for cryptocurrencies, which it has established in the past. At the end of March, it was learned that Goldman Sachs Private Wealth Management customers could buy cryptocurrency services.