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That article really does not support your point at all... >Squeamish from the start about pursuing profits in one of the darker corners of finance, established
by nck4222 8y ago
That article really does not support your point at all...
>Squeamish from the start about pursuing profits in one of the darker corners of finance, established firms this year slowed their already halting efforts to make a business out of Bitcoin mania.
So they were slow from the start, and are slowing their already slow efforts.
>“The market had unrealistic expectations that Goldman or any of its peers could suddenly start a Bitcoin trading business,” said Daniel H. Gallancy, chief executive officer of New York-based SolidX Partners, which hopes to launch a Bitcoin ETF in the U.S. "That was top-of-the-market-hype thinking."
So the market (not banks or other insiders) had unrealistic expectations of traditional institutions.
>With regulators offering little clear guidance on how they will classify the broad universe of tokens—as commodities, securities or something else—banks and investment firms are treading cautiously.
Banks continue to wait for regulations and guidance before committing fully.