Goldman Sachas makes a major move towards Bitcoin and Crypto by making Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned. At Goldman, McDermott is expanding his team, doubling its headcount with hires in Asia and Europe. Goldman is also now examining the possibility of creating its own coin, McDermott said: “We are exploring the commercial viability of creating our own fiat digital token, but it’s early days.” This is a major capitulation as in May 2020 Goldman Sachs held a webinar and stated that Bitcoin and Cryptocurrencies are not an asset class.
Ripple has filed a comment letter in response to OCC’s advance notice of proposed rulemaking in an effort to get regulatory clarity for Banks in the US to use XRP. “the OCC should make clear that the purchase and sale of a crypto asset to facilitate a cross-border transaction or foreign exchange operation is the ‘functional equivalent to, or a logical outgrowth of, a recognized banking activity.’
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Disclaimer – Thinking Crypto and Tony are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.