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BlackRock CEO Walks Back Some Crypto Criticism in New Letter

Friday, Mar 25 2022

Cryptocurrency

Written by FinTech News Brief

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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.

In 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.

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