bitcoin futures, Central Banks, COVID-19, cryptocurrency trading desk, digital asset custody, digital commerce, Digital Currency, exchange traded fund, Goldman Sachs, Regulators

John Waldron, the chief operating officer (COO) of Goldman Sachs, says the financial services giant is seeing rising customer demand to own and invest in bitcoin. Nevertheless, the COO explained that his organization was still exploring ways of satisfying this demand without running afoul of regulators.

‘How Banks Should Be Regulated When Dealing With Digital Money’

In remarks made during an interview, Waldron, who is also the banking giant’s president, adds that Goldman Sachs “is in discussions with regulators and central banks about how banks should be regulated when dealing with digital money.†Meanwhile, in explaining the financial giant’s unique approach towards satisfying customer demand, Waldron said:

In addition to looking for ways of satisfying the growing consumer demand for cryptos, the Reuters report also reveals that “Goldman is also exploring a bitcoin exchange-traded fund (ETF) and has issued a request for information to explore digital asset custody.â€

‘Covid-19 Pandemic a Significant Accelerant’

In the meantime, Waldron is quoted in the same report explaining how the Covid-19 pandemic has caused an “explosion in online commerce†and how this trend is unlikely to change going forward. He said:

Meanwhile, as Waldron reveals Goldman Sachs’ cautious crypto approach, recent reports, however, indicate that the banking giant has alreadyâ€restarted its cryptocurrency trading desk.†Additionally, the banking giant also “started dealing in bitcoin futures and non-deliverable forwards for clients.â€

Do you agree with Waldron’s assertion that the use of digital currency will explode? You can tell us what you think in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong Kong Residents to Load E-CNY Wallets via Mobile Phones China […]

Xem chi tiết: Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

Goldman Sachs Survey: Chief Investment Officers Say Bitcoin Is Their Least Favorite Investment

Investment bank Goldman Sachs recently held two roundtable sessions for chief investment officers of hedge funds. The bank found that they see bitcoin as their least favorite investment. In contrast, the latest Bank of America Fund Manager Survey found that “long bitcoin†was the most crowded trade. CIOs Reveal Their Most and Least Favorite Investments […]

Xem chi tiết: Goldman Sachs Survey: Chief Investment Officers Say Bitcoin Is Their Least Favorite Investment

US Pharmacy Chain Pharmcorx Accepts Cryptocurrency for Fast Covid Testing

Progressive Care, a company that operates a chain of pharmacies in the United States, has announced it’s now accepting cryptocurrency for its Covid-19 rapid testing services. Customers are welcome to pay with bitcoin for the quick tests offered at its Pharmcorx locations using a dedicated QR code. Pharmacies Offer Quick Covid Tests for Bitcoin Florida-based […]

Xem chi tiết: US Pharmacy Chain Pharmcorx Accepts Cryptocurrency for Fast Covid Testing

G7 Finance Chiefs to Publish Common Rules for State-Issued Digital Currencies This Year

The G7 finance ministers and central bank governors have met and agreed to work towards common principles for state-backed digital currencies and publish their conclusions this year. They said these digital currencies “could act as both a liquid, safe settlement asset and as an anchor for the payments system.†G7 Setting Common Rules for Central […]

Xem chi tiết: G7 Finance Chiefs to Publish Common Rules for State-Issued Digital Currencies This Year

Shanghai to Hand Out $3 Million in Digital Yuan Lottery

As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital money will be dispersed through a lottery, a method that has already been implemented elsewhere in China. Lottery Winners to Get 350,000 Digital Red Envelopes […]

Xem chi tiết: Shanghai to Hand Out $3 Million in Digital Yuan Lottery

Kalashnikov Eyes Digital Ruble Settlements as Russia Aims to Replace ‘Dirty Money’

Kalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank of Russia reaffirmed its intention to replace “dirty†and “infectious†paper cash with the digital ruble that’s currently under development. Russia’s Kalashnikov Concern Looks Forward […]

Xem chi tiết: Kalashnikov Eyes Digital Ruble Settlements as Russia Aims to Replace ‘Dirty Money’

Bank of Ghana ‘in the Advanced Stages of Introducing a Digital Currency’— Governor Repeats Anti-Cryptocurrency Claims

The governor of Ghana’s central bank, Ernest Addison, has said his institution is now “in the advanced stages of introducing a digital currency.†However, before its release into circulation, the digital currency—which is also known as the “e-cediâ€â€” will first have to go “through three phases.†Bank of Ghana’s Embrace of Emerging Fintechs In his […]

Xem chi tiết: Bank of Ghana ‘in the Advanced Stages of Introducing a Digital Currency’— Governor Repeats Anti-Cryptocurrency Claims

Bank of Ghana ‘in the Advanced Stages of Introducing a Digital Currency’— Governor Repeats Anti-Cryptocurrency Claims

The governor of Ghana’s central bank, Ernest Addison, has said his institution is now “in the advanced stages of introducing a digital currency.†However, before its release into circulation, the digital currency—which is also known as the “e-cediâ€â€” will first have to go “through three phases.†Bank of Ghana’s Embrace of Emerging Fintechs In his […]

Xem chi tiết: Bank of Ghana ‘in the Advanced Stages of Introducing a Digital Currency’— Governor Repeats Anti-Cryptocurrency Claims

ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’

QE Begins to Slow — Federal Reserve Reveals Winding Down of Corporate Bond Purchases

Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit

South Korean Financial Supervisory Service Tasked With Crypto Market Oversight

Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-Krona Pilot

Russian Lawmakers Move to Allow Crypto Payments Under Contracts

Danish Central Banker Tempted to Ignore Cryptocurrency — Sees Real Threat in ‘Big Tech Invading Currency Area’

Zimbabwean Fintech Lawyer and Proponent Pushes for Crypto Regulation via Private Legislative Bill