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BlackRock’s Newest Investment Paves The Way For Digital Assets On Wall Street

BlackRock’s Newest Investment Paves The Way For Digital Assets On Wall Street

Larry Fink thinks Russia-Ukraine war could accelerate the use of digital currencies © 2020 Bloomberg Finance LP Five years ago, BlackRock’s chairman Larry Fink famously called bitcoin an “index of money laundering.” In the years since, the world’s largest asset manager, tending some $10 trillion in client funds, has largely stayed away from digital assets. So when Fink wrote in his annual letter to shareholders, published in late March, that the havoc caused by Russia’s invasion of Ukraine could accelerate the adoption of digital currencies, many interpreted it as a sign that the financial behemoth is finally warming up to […]