Fink, who famously called the world’s best known cryptocurrency an “index of money laundering” five years ago, attributed his evolving stance to the Ukraine war.
The conflict has become a catalyst prompting governments around the world to re-evaluate their currency dependencies in view of the crippling sanctions imposed by western allies on Russia, sanctions that only have teeth due to linkages in the global financial system.
By comparison, crypto—and decentralized finance more broadly—are designed with the purpose of circumventing traditional gatekeepers like governments and centrall banks that impinge on financial freedom.
SOURCE : https://fortune.com/2022/03/24/blackrock-cryptocurrency-larry-fink-letter-shareholders-ceo/
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