Goldman’s Crypto Chief Worries About Fraud, but Not Cryptocurrency’s Future

The Global Head of Digital Assets at Goldman Sachs said in a Q&A published in the firm’s May 21 Global Macro Research newsletter that the growing cryptocurrency space, particularly related to “hot storage,” was “only one big fraud away from a very negative impact on the market.”

Addressing a question about risks to the industry, Mathew McDermott, who was expressing his own views and not those of the research team, also noted that “inconsistent regulatory actions” worldwide could…


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