Goldman said exploring Bitcoin trading

Bitcoin

Goldman Sachs is exploring how it could help clients trade bitcoin and other digital currencies, according to a person briefed on the plan.

Bloomberg News reports that the New York-based bank is in talks with cryptocurrency experts but hasn’t yet formulated a business plan, a timetable for implementation or made any bitcoin-related investments, according to the person who asked not to be identified talking about internal deliberations. Among the questions the bank is seeking to answer: how to address know-your-customer requirements and how to understand the risks of the volatile currency, the person said.

“In response to client interest in digital currencies, we are exploring how best to serve them in the space,” Tiffany Galvin, a spokeswoman for the New York-based bank, said in a statement without elaborating.

Hit the link below to access the complete Bloomberg News article:

Goldman Sachs to Explore Starting Bitcoin Trading Venture

Ex-SocGen Trader Charged Over Euribor Sues Bank for $9.4 Million

 

 

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts