Larry Fink, CEO of BlackRock Inc, said that the cryptocurrency is a speculative platform in Asia and is largely used for money laundering.
Fink said: “As for the Crypto-currency, I firmly believe in their potential. We see great opportunities, but what we are talking about today is primarily a platform for speculation. “
“We are asked this question, but only in the context of alternative types of venture capital. Customers do not express their desire to use crypto-currencies as a class of assets “
Although Fink also identifies the speculative nature of crypto-currency as one of the obstacles to realizing their potential, he believes that this is not the main problem: “As I said, this is a speculative platform for Asian countries. At the same time, crypto-currencies are intensively used for money laundering. “
Join the discussion on Telegram