Wall Street Bank Oppose Bitcoin Futures, But Goldman Sachs is Ready
Earlier this week, among the many worldwide finance market’s largest banks along with Goldman Sachs, Morgan Stanley, JPMorgan, and Citigroup opposed the launch of bitcoin futures, claiming a shortage of transparency and regulation.
The open letter submitted by the Futures Commerce Affiliation (FIA) representing the abovementioned banks be taught:
“Whereas we drastically acknowledge the CFTC’s efforts to acquire additional assurances from these exchanges, we keep apprehensive with the dearth of transparency and regulation of the underlying reference merchandise on which these futures contracts are based and whether or not or not exchanges have the right oversight to verify the reference merchandise aren’t susceptible to manipulation, fraud, and operational risk.”
Goldman Sachs Modifications Stance, JPMorgan Claims Bitcoin Futures Will Grant the Cryptocurrency Legitimacy
In accordance with Bloomberg, Goldman Sachs, the $95 billion funding monetary establishment, is planning to clear bitcoin…