At this point, Goldman Sachs Global Head of Digital Assets Mathew McDermott, who attended Token2049 in Dubai, said that regulations could increase Bitcoin and cryptocurrency adoption.
Stating that the US’s progress in cryptocurrencies is great for the global market, the Goldman Sachs executive claimed that the US will bring more people to the crypto sector and help accelerate growth.
At this point, McDermott added that the two stablecoin bills currently in existence in the US could accelerate the adoption of digital currencies.
“If regulations allow stablecoins to be easily adopted by financial institutions, this could accelerate the use of digital currency by major players.
We're watching it very closely.”
*This is not investment advice.
