{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=DE&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Goldman+Sachs+Snr+Chairman%3A+Bitcoin+poses+threat+to+regulators&text=+Goldman+Sachs+senior+chairman+Lloyd+Blankfein+believes+that+Bitcoin%27s+meteoric+rise+of+adoption+poses+a+monumental+threat+to+regulation.&text=Lloyd+Blankfein%2C+the+senior+chairman+of+Goldman+Sachs%2C+believes+that+national+regulators+should+be+nervous+of+Bitcoin%27s+recent+success+and+massive+rally%2C+suggesting+that+the+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fde%2Fbitcoin-profit%2F%22%3Ecryptocurrency%3C%2Fa%3E+might+undermine+the+possibility+of+controlling+the+financial+systems+in+place.%0A%0ASpeaking+on+CNBC%E2%80%99s+Squawk+Box%2C+Blankfein+asserted+that+Bitcoin%E2%80%99s+pseudonymous+nature+makes+it+perfect+for+illicit+financing%2C+stating%3A%0A%0A%3Cem%3E%E2%80%9CIt+could+work.+But+at+the+end+of+the+day%2C+currency+should+accomplish+a+couple+of+things.+It%27s+a+medium+of+exchange+and+a+store+of+value.+The+store+of+value+is+a+little+bit+tough%2C+and+as+a+medium+of+exchange%2C+you+don%27t+know+whether+or+not+you%E2%80%99re+paying+the+North+Koreans%2C+or+Al-Qaeda%2C+or+the+revolutionary+guard.%E2%80%9D%3C%2Fem%3E%0A%3Ch2%3EBitcoin+regulation+a+difficult+problem+to+fix%3C%2Fh2%3E%0AHe+suggested+that+the+regulators+would+have+a+hard+time+%22following+the+money%22+with+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fde%2Fcfd-broker%2F%22%3EBitcoin%3C%2Fa%3E%27s+pseudonymous+features.+This+could+be+a+problem+when+tracking+money+could+avoid+negative+scenarios%2C+such+as+terrorist+attacks+and+money+laundering.+If+having+regulators+can+follow+where+the+money+is+going+and+put+a+stop+to+dangerous+and+illicit+activity+before+it+comes+to+a+problem%2C+then+Bitcoin+untraceable+nature+might+be+problematic+in+this+regard%3A%0A%0A%3Cem%3E%E2%80%9CThis+could+be+workable%2C+but+it+will+undermine+the+freedom+and+liberty+and+kind+of+lack+of+transparency+that+people+like+about+it+in+the+first+place.+So+that%E2%80%99s+the+conundrum+that+Bitcoin+will+have+to+deal+its+way+out+of.+If+I+were+a+regulator%2C+I+would+be+kind+of+hyperventilating+at+the+success+of+it+at+the+moment%2C+and+I+would+be+arming+myself+to+deal+with+it.%22%3C%2Fem%3E%0A%0ATo+resolve+this%2C+Blankfein+believes+that+several+of+the+fundamental+features+of+Bitcoin+%28and+several+of+the+anonymous+freedoms+it+offers%29+need+to+be+regulated.+Without+the+decentralised+nature+of+Bitcoin%2C+however%2C+the+question+is+begged+whether+the+asset+would+still+be+attracted+to+investors+and+traders.","timeout":15}