BlackRock To Launch Bitcoin ETF After Its Approval By Regulator
For more latest news update Crypto currency training Crypto trading signals & automated trading software join below given telegram channel
Join- https://t.me/btctradingclub
Join- https://t.me/freebitmexsignals
https://play.google.com/store/apps/details?id=com.freecryptosignals.app
Larry Fink, the executive director at BlackRock, the leading global investment company, believes that his organization will be able to launch a crypto exchange-traded fund (ETF) only after the permission from the regulatory authorities, CNBC reports.
Fink expressed his opinion during a speech at the New York Times Dealbook conference. According to him, one cannot say ‘never’ with respect to ETF, but it will be possible to say ‘yes’ when they become legal.
The BlackRock CEO believes that the condition for ETF is the support from the state authorities, and they will not approve any financial instruments until it is proven that they are not used for illegal activities.
The anonymity of the first cryptocurrency can be considered a risk factor since it can be used to evade taxes and for other violations of the law, Fink added.
However, the head of BlackRock showed an opposite attitude to blockchain, stating that he is a big fan of this technology. According to him, blockchain can be useful in various aspects of the mortgage business, which is now conducted through the paper workflow.
Fink made his statement on the eve of the decision by the US Securities and Exchange Commission (SEC) regarding the future of crypto ETF, which it must report on November, 5.
As previously reported, Reggie Browne, the Cantor Fitzgerald's top manager and the ETF godfather, considers that the bitcoin ETF launch is unlikely to happen in the near future due to the lack of a solid legal base.
Join- https://t.me/btctradingclub
Join- https://t.me/freebitmexsignals
https://play.google.com/store/apps/details?id=com.freecryptosignals.app
Larry Fink, the executive director at BlackRock, the leading global investment company, believes that his organization will be able to launch a crypto exchange-traded fund (ETF) only after the permission from the regulatory authorities, CNBC reports.
Fink expressed his opinion during a speech at the New York Times Dealbook conference. According to him, one cannot say ‘never’ with respect to ETF, but it will be possible to say ‘yes’ when they become legal.
The BlackRock CEO believes that the condition for ETF is the support from the state authorities, and they will not approve any financial instruments until it is proven that they are not used for illegal activities.
The anonymity of the first cryptocurrency can be considered a risk factor since it can be used to evade taxes and for other violations of the law, Fink added.
However, the head of BlackRock showed an opposite attitude to blockchain, stating that he is a big fan of this technology. According to him, blockchain can be useful in various aspects of the mortgage business, which is now conducted through the paper workflow.
Fink made his statement on the eve of the decision by the US Securities and Exchange Commission (SEC) regarding the future of crypto ETF, which it must report on November, 5.
As previously reported, Reggie Browne, the Cantor Fitzgerald's top manager and the ETF godfather, considers that the bitcoin ETF launch is unlikely to happen in the near future due to the lack of a solid legal base.
Comments
Post a Comment