Coming Soon - Cryptocurrencies Traded On Wall Street!

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Foley & Lardner

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Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
The New York Times reported that Intercontinental Exchange which is the "parent company of the New York Stock Exchange has been working on an online trading platform that would allow...
United States Technology

The New York Times reported that Intercontinental Exchange (ICE) which is the "parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin." The May 7, 2018 article entitled "Bitcoin Sees Wall Street Warm to Trading Virtual Currency" included a reference to the May 2, 2018 article "Goldman Sachs to Open a Bitcoin Trading Operation" in which "Goldman Sachs went public with its intention to open a Bitcoin trading unit — most likely the first of its kind at a Wall Street bank":

In a step that is likely to lend legitimacy to virtual currencies — and create new concerns for Goldman — the bank is about to begin using its own money to trade with clients in a variety of contracts linked to the price of Bitcoin.

While Goldman will not initially be buying and selling actual Bitcoins, a team at the bank is looking at going in that direction if it can get regulatory approval and figure out how to deal with the additional risks associated with holding the virtual currency.

This may a huge event in the future of cryptocurrencies and Blockchain (the underlying technology that allows cryptocurrencies to operate)!

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