BlackRock Forms Cryptocurrency Team as it Eyes Bitcoin Trading

[kreslik.news]

“It’s a very speculative instrument. More importantly, it is an instrument that people use for money laundering.”

So said Blackrock’s longstanding CEO, Larry Fink, at a Reuters conference in late 2017. It appears that either Bitcoin has altered since then or Fink has had a change of heart.

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According to a Financial News report, BlackRock is going to be creating a team to investigate the merits of cryptocurrency investment. The working group will examine what benefits, if any, investing in cryptocurrencies can bring to the firm.

The report caused a minor shock-wave in the ... (read more)