![\"Goldman](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2021\/03\/d-768x432.jpg\")
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John Waldron, the chief operating officer (COO) of Goldman Sachs, says the financial services giant is seeing rising customer demand to own and invest in bitcoin. Nevertheless, the COO explained that his organization was still exploring ways of satisfying this demand without running afoul of regulators.<\/strong><\/p>\n In remarks made during an interview<\/a>, Waldron, who is also the banking giant\u2019s president, adds that Goldman Sachs \u201cis in discussions with regulators and central banks about how banks should be regulated when dealing with digital money.\u201d Meanwhile, in explaining the financial giant\u2019s unique approach towards satisfying customer demand, Waldron said:<\/p>\n We are regulated on what we can do. We continue to evaluate it \u2026 and engage on it.<\/p>\n<\/blockquote>\n In addition to looking for ways of satisfying the growing consumer demand for cryptos, the Reuters report also reveals that \u201cGoldman is also exploring a bitcoin exchange-traded fund (ETF) and has issued a request for information to explore digital asset custody.\u201d<\/p>\n <\/ins> <\/ins> <\/p>\n In the meantime, Waldron is quoted in the same report explaining how the Covid-19 pandemic has caused an \u201cexplosion in online commerce\u201d and how this trend is unlikely to change going forward. He said:<\/p>\n The pandemic has been a significant accelerant. There is no question in our mind there will be more digital commerce \u2026 and (use of) digital money.<\/p>\n<\/blockquote>\n Meanwhile, as Waldron reveals Goldman Sachs\u2019 cautious crypto approach, recent reports<\/a>, however, indicate that the banking giant has already\u201drestarted its cryptocurrency trading desk.\u201d Additionally, the banking giant also \u201cstarted dealing in bitcoin futures and non-deliverable forwards for clients.\u201d<\/p>\n\u2018How Banks Should Be Regulated When Dealing With Digital Money\u2019<\/h2>\n
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\u2018Covid-19 Pandemic a Significant Accelerant\u2019<\/h2>\n
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