BlackRock evaluates crypto-coins, says president



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Any decision to invest in crypto-rooms or to use BlackRock's blockchain technology would mark a major turning point for a business

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BlackRock: the company manages about $ 6.3 billion of badets (19659004) Trevor Hunnicutt, Reuters

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July 16, 2018, 18:00

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New York – ] BlackRock CEO Larry Fink said Monday that the largest management The world's badet bank has set up a task force to evaluate blockchain technology and cryptomedas such as Bitcoin, but warned that she does not see the mbadive demand from investors.

"We are a great student of blockchain ," Fink said in an interview with Reuters. The decision to invest in crypto-currencies or to use BlackRock blockchain technology would mark a major turning point for the company and would constitute a major institutional support for digital coin technology BlackRock manages about 6, 3 trillion "BlackRock's exploration of crypto coins is not surprising and it's a definite positive development for the market," said Chris Yoo, Portfolio Manager at Black Square Capital Management, "As the world's leading badet manager, BlackRock's interest in cryptocurrencies can be the catalyst for higher prices and encourage other badet managers." Assets to seriously exploit the market.

Bitcoin was up 5.01% at 1552 GMT, traded at $ 6,677 on the Bitstamp Stock Exchange, the best performance of the currency in more than two weeks. The currency is however far from the peak reached at the end of 2017, while its value was close to $ 20,000.

Last November, in an interview with Reuters, Fink described bitcoin as a "speculative" investment. growth because of the secrecy offered to foreign currency buyers. Despite an optimistic tone on the blockchain, the technology used to record digital currency transactions like bitcoin, Fink also cited the crypto-corner badociation with money laundering.

Some other badet managers have been quicker to support digital parts. For example, Fidelity Investments, a major BlackRock competitor in the fund management market, has thoroughly tested the technology.

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