Goldman Sachs considers blocking as "business risk"

Goldman Sachs considers blocking as "business risk"

February 28, 2018

One of the world's largest investment banks, Goldman Sachs, acknowledged that blocking technology represents a business risk for the firm.

The company announced this in a document that was later submitted to the US Securities and Exchange Commission, explaining that the bank's participation in kriptornke, could adversely affect Goldman Sachs.

According to the text of the document, the company may be exposed to risks due to investments in the development of platforms based on block, assistance to customers conducting crypto-currency transactions, as well as the use of DLT by third-party partners of the company.

Goldman Sachs fears blocking

Thus, the document states that Goldman Sachs may suffer if the underlying technology protocols reveal weaknesses.

Indeed, despite the existing negative statements of Lloyd Blankfein about digital currencies in the past, Goldman Sachs managed to assemble a small portfolio that includes several startups operating in the field of blockbusters, reports CCN.

Earlier, Zack Pandl, an analyst in Goldman Sachs, said that crypto currency is unlikely to remain profitable in the long term when using them as a currency.

Author: Vasilisa Ming, Analyst Freedman Club Crypto News

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