Global bank giant Goldman Sachs (NYSE:GS) rejected on Thursday a Business Insider report that the institution has shelved the plan for creating a Bitcoin (BTC)-based financial instruments. The investment bank chief financial officer (CFO) Martin Chavez described the media allegation as fake news while speaking at the TechCrunch Disrupt Conference in California.
“I was in New York yesterday, and I was co-chairing our risk committee, and I saw the news article. It wasn’t like we announced anything or that anything had changed for us…I never thought I would hear myself use this term, but I really have to describe that news as fake news,” Chavez said as quoted by TechCrunch.
Chavez explained that BTC trading desk plan is on the exploration table as the investment bank’s clients want cryptocurrency-related instruments. Goldman Sachs has moved the researc...
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