Goldman Sachs Drops Bitcoin Trading Desk Plan

Goldman Sachs (NYSE:) has shelved plans to launch a trading desk owing to the regulatory uncertainty surrounding the cryptocurrency market, particularly in the United States.

According to a report by Business Insider, sources familiar with the situation confirmed that the investment bank had run into a “regulatory roadblock” in its bid to launch a crypto trading desk.

As yet, there are no clear rules and regulations in place to protect banks from the risks associated with trading cryptocurrencies. In recent weeks several Goldman executives have stated that there are many regulatory developments that ar…

This article appeared first on Cryptovest

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