Goldman Sachs Group Inc is ditching plans to open a desk for trading cryptocurrencies in the foreseeable future as the regulatory framework for crypto remains unclear, Business Insider reported on Wednesday, citing people familiar with the matter.In recent weeks, executives have come to the conclusion that many steps still need to be taken, most of them outside the bank’s control, before a regulated bank would be allowed to trade cryptocurrencies, the financial news website reported, citing one of the people.ALSO READ: Bitcoin posts longest rally in a month as charts turn bullishThe Wall Street bank was planning to clear bitcoin futures for some clients as the new contracts were going live on exchanges when the cryptocurrency rocketed to a record high of $16,000 in December.Regulators across the world have been intensifying their scrutiny of initial coin offerings (ICOs) and cryptocurrency exchanges.