Estimated reading time: 0 minutes, 26 seconds

BlackRock CEO Walks Back Some Crypto Criticism in New Letter

Larry Fink, CEO of BlackRock, which oversees more money than any asset manager on the planet at $10 trillion, appears to have softened his stance on cryptocurrency. So reports Fortune.

BlackrockIn his annual investor letter, Fink wrote: “BlackRock is studying digital currencies, stablecoins and the underlying technologies to understand how they can help us serve our clients.” This is a far stretch from his earlier stance on digital currencies in which he called Bitcoin an “index of money laundering” just a few years ago.

Read the full article from Fortune.

Read 251 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.