Banks Tend to Join the Bitcoin Movement

October 6, 2017

Goldman Sachs, the largest investment bank, expressed its attitude to cryptocurrency. According to Goldman Sachs position, cryptocurrencies may be used, and the bank considers the possibility of Bitcoin trading. Although the final decision has not taken, Lloyd Blankfein, CEO and Chairman of Goldman Sachs, is neither for nor against Bitcoin trading.

"I don’t support and don’t deny it, I just know that years ago people were sceptical about the idea of replacing gold with paper money," Blankfein said.

Goldman Sachs is not the only bank that has an active interest in digital currencies. Great increase of price and popularity of Bitcoin has got attention of many major players. Nonetheless, a set of difficult questions must be solved: how do the banks, legally obliged to head off money-laundering, support the currency which is not produced by any government and which allow cryptocurrency holders be anonymous?

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