BlackRock Keeping Cryptocurrency Under “Close Review”

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BlackRock, the world’s largest investment company with over $5 trillion in assets under management, has become the latest prominent figure in the financial world to take a “not now but maybe later” approach to the fast-expanding cryptocurrency industry.

In an interview with Bloomberg TV on Monday, Isabelle Mateos Y Lago, Chief Multi-Asset Strategist at BlackRock, said that although the firm is not classifying cryptocurrency as “an investable asset” yet, it is keeping it under “close review” as it’s both new and interesting.

“The fact that interest has persisted despite these repeated hacks, despite regulators waking up and trying to …

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