By Jamie G - Crypto Expert - 10/04/2021
The CEO of Goldman Sachs expects significant changes in the world of cryptocurrency trading and regulation, stating that healthy evolutionary progress is to be seen in the coming years.
The organisation remains committed to meeting the needs of its clients and maintaining available crypto services. The bank will assist clients in establishing custody roles for digital properties.
David Solomon, CEO of global investment bank Goldman Sachs, recently shared his thoughts on cryptocurrency regulation, suggesting he expects it to evolve significantly.
As a result, the interview with CNBC this week focused on cryptocurrency legislation and its consequences. Solomon said that it "is a space that's evolving" in this regard. His thoughts forecasted a significant evolution of how this will manifest in the coming years.
In discussing his vision for the future of investing in cryptocurrency, the CEO emphasized Goldman Sachs' support for these improvements. He also said that the bank is still concentrating on how to support its clients' demand for cryptocurrencies.
Moreover, he said they were thinking about digital currencies and the digitisation of money constructively. This is because Goldman Sachs' clients have a strong demand for this type of assistance. According to the CEO, the bank will continue to work to meet the needs of its customers.
In this regard, Goldman Sachs has recently reopened its Bitcoin (BTC) trading desk. It intends to include a "broad range" of Bitcoin investments with it. Aside from that, the bank plans to incorporate digital assets into its wealth and crypto asset management services. The shift follows a significant increase in demand for Bitcoin and other cryptos from both companies and traders.
If you're looking to Buy and Sell cryptocurrency, you can safely buy Bitcoin and other cryptos by heading over to BC Bitcoin, where you can register an account today.
https://coinquora.com/goldman-sachs-ceo-foresees-big-evolution-for-crypto/
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
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To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards