Goldman Sachs is so scared of the SEC that it won’t sell Bitcoin on Wall Street
Things won’t be getting any easier for Wall Street’s crypto-traders. Goldman Sachs is ditching its proposed cryptocurrency trading desk, citing yet more regulatory anxiety. BusinessInsider reports Goldman Sachs big-wigs recently shelved plans for a cryptocurrency trading desk. Instead, it will be focusing on its custodial service for industry players. It seems protecting cryptocurrency is more straightforward than selling it. Typically, larger investors are drawn to trading desks operated by respected industry figures, rather than the public cryptocurrency exchanges like Binance. Purchasing Bitcoin from someone like Goldman Sachs supposedly makes cryptocurrency easier to stomach, particularly when concerned with being exposed “dirty”…
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