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Goldman Sachs Considers Crypto-Related Business A "Risk"

Lloyd Blankfein, CEO of the financial giant Goldman Sachs, has declared that Goldman Sachs can be affected by crypto and blockchain related risks, in a document filed to the SEC yesterday.
The claim was made in the sense that the stance of the of the bank of partnering up with some crypto-related businesses, and allowing customers to trade with bitcoin and other altcoins, could pose serious risks if the protocols that run these cryptocurrencies were found to be insecure in the future.
The report states: “We may be, or may become, exposed to risks related to distributed ledger technology through our facilitation of clients’ activities involving financial products linked to distributed ledger technology, such as blockchain or cryptocurrencies, our investments in companies that seek to develop platforms based on distributed ledger technology, and the use of distributed ledger technology by third-party vendors, clients, counterparties, clearing houses and other financial intermediaries.”
Goldman-Sachs has been permissive in the crypto-related subject with its customers, even investing and backing up in a crypto-trading company (Circle, that recently bought Poloniex).

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