Goldman Sachs Chief Financial Officer Martin Chavez on reports the bank is shelving plans to trade cryptocurrency

  • "I never thought I would hear myself use this term but I really have to describe that news as fake news," Goldman Sachs Chief Financial Officer Martin Chavez said on stage at the TechCrunch Disrupt Conference in San Francisco.
  • Chavez on Thursday looked to knock down the report about the banking dialing back plans, but also make clear that there's never been a timeline for this effort.

CNBC have the report here for more

If he is trying to give the price a boost he may have to try a bit harder....