After reports surfaced that Goldman Sachs planned to turn away from opening a cryptocurrency trading desk, the company’s CFO asserted that the information is “fake news.”
Earlier this week, media outlets reported that Goldman Sachs was nixing the creation of a Bitcoin (BTC) 00 trading desk. The cause apparently dealt with their list of priorities, as well as favoring other ventures.
At the time, a number of purported inside sources said the firm abandoned the plans due to regulatory issues.
The announcement and subsequent media coverage appeared to send the price of Bitcoin and other digital coins into a decline — but some argued this was purely coincidental due to other factors.