LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Goldman drops bitcoin trading plans for now: Business Insider

The virtual currency can be used to move money around the world quickly and with relative anonymity, without the need for a central authority, such as a bank or government. A fund holding the currency could attract more investors and push its price higher.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Goldman drops bitcoin trading plans for now: Business Insider
Goldman Sachs Group Inc is ditching plans to open a desk for trading cryptocurrencies in the foreseeable future as the regulatory framework for crypto remains unclear, Business Insider reported. Image source: Reuters
Written By: Reuters
Updated: Wed, Sep 05, 2018
06:47 pm
London, Reuters
RELATED NEWS
Anil Singhvi decodes Bitcoin status as just one tweet by Elon Musk breaks cryptocurrency by a massive $8000 Anil Singhvi decodes Bitcoin status as just one tweet by Elon Musk breaks cryptocurrency by a massive $8000
Bitcoin tops $50,000 as it wins more mainstream acceptance Bitcoin tops $50,000 as it wins more mainstream acceptance
Bitcoin breaks above $50,000 for first time ever Bitcoin breaks above $50,000 for first time ever
Bitcoin within a whisker of $50,000 Bitcoin within a whisker of $50,000
Robinhood pauses instant buying of crypto currencies amid volatility Robinhood pauses instant buying of crypto currencies amid volatility

Goldman Sachs Group Inc is ditching plans to open a desk for trading cryptocurrencies in the foreseeable future as the regulatory framework for crypto remains unclear, Business Insider reported on Wednesday, citing people familiar with the matter.

In recent weeks, executives have come to the conclusion that many steps still need to be taken, most of them outside the bank`s control, before a regulated bank would be allowed to trade cryptocurrencies, the financial news website reported, citing one of the people.

The Wall Street bank was planning to clear bitcoin futures for some clients as the new contracts were going live on exchanges when the cryptocurrency rocketed to a record high of $16,000 in December.

Regulators across the world have been intensifying their scrutiny of initial coin offerings (ICOs) and cryptocurrency exchanges.

The U.S. Securities and Exchange Commission had warned last year that some of the coins issued in ICOs could be considered securities, meaning trading them would have to comply with federal securities laws.

The virtual currency can be used to move money around the world quickly and with relative anonymity, without the need for a central authority, such as a bank or government. A fund holding the currency could attract more investors and push its price higher.

Watch this Zee Business video

Bitcoin was trading down nearly 4.8 percent at $7,007 on the Luxembourg-based Bitstamp exchange on Wednesday.

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
CryptocurrenciesCryptocurrency exchanges
RELATED NEWS
Anil Singhvi decodes Bitcoin status as just one tweet by Elon Musk breaks cryptocurrency by a massive $8000 Anil Singhvi decodes Bitcoin status as just one tweet by Elon Musk breaks cryptocurrency by a massive $8000
Bitcoin tops $50,000 as it wins more mainstream acceptance Bitcoin tops $50,000 as it wins more mainstream acceptance
Bitcoin breaks above $50,000 for first time ever Bitcoin breaks above $50,000 for first time ever
Bitcoin within a whisker of $50,000 Bitcoin within a whisker of $50,000
Robinhood pauses instant buying of crypto currencies amid volatility Robinhood pauses instant buying of crypto currencies amid volatility

LATEST NEWS

Samsung Galaxy A32 launched in India with 64MP quad camera and 5000mAh battery; Check Price, Bank Offers and Specs now!

SBI Yono Alert: State Bank of India launches 2nd edition of Super Saving Day

UP Gram Panchayat Election 2021 Reservation List Latest News Today: Check pradhan seat aarakshan details here

Hurun Global Rich List 2021: These Indians are in billionaires' club - Check names, rankings

Heranba IPO Allotment Status: Finalised! Didn't get shares? Waiting for refund? Know this important date

Yes Bank Share price I Anand Rathi maintains Sell rating with price target of Rs 14

SBI account holder? Don't do this, or you will lose money; Bank issues WARNING - check 3 top tips

7th Pay Commission latest news today: DA hike, DR benefit, arrears, ease in LTC — updates that central government employees just cannot miss

JEE Main 2021 March application form released: See last date for application, exam dates and all other details here!

Gold Price Today 3-03-2021 –Gold cheaper by Rs 4600 in 2021, Silver by Rs 766; time to buy gold NOW expert says

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved