Goldman Sachs CEO: Regulators should be 'hyperventilating' at Bitcoin's success
Cointelegraph
Published Jan 25, 2021 09:29PM ET
Updated Jan 25, 2021 11:00PM ET
Goldman Sachs (NYSE:GS) senior chairman Lloyd Blankfein has stated that regulators should be “hyperventilating” in response to Bitcoin’s recent success, characterizing the crypto asset as undermining the capacity for lawmakers to monitor the financial system.
While appearing on CNBC’s Squawk Box on Jan. 25, Blankfein asserted that Bitcoin’s pseudonymous nature makes it perfect for illicit financing, stating: “You don't know whether or not you’re paying the North Koreans, or Al-Qaeda, or the revolutionary guard.”
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Written By: Cointelegraph
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