The Russia-Ukraine war could accelerate the use of digital currencies, Larry Fink, chairman of the world’s largest asset manager BlackRock, said Thursday.
Meanwhile, BlackRock is studying digital currencies, stablecoins and the underlying technologies as the firm has seen increasing interest from clients, Fink wrote in a letter to shareholders.Meanwhile, BlackRock is studying digital currencies, stablecoins and the underlying technologies as the firm has seen increasing interest from clients, Fink wrote in a letter to shareholders.
Fink noted that several governments have been playing a more active role in studying digital currencies and rolling out a regulatory framework. Earlier in March, president Joe Biden signed an executive order requiring federal agencies to engage in a broad review of their policies related to cryptocurrencies and other digital assets. The order focuses on the potential benefits of a central-bank issued digital currency, an issue that the Federal Reserve has been studying in depth since 2020.
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