The world’s biggest investment company has been asked to explain the company’s position on cryptocurrencies.
It said it is looking into the issue.
“We are looking into this.
We are looking at what we need to do to make sure we have the right people in place to do the right thing,” the company said in a statement.”
Bitcoin and Ethereum are an emerging asset class, and we need the right kind of people in the right place at the right time to make the right decisions.”
A number of prominent investment firms have expressed concerns about the use of cryptocurrencies.
Some have called for regulators to clamp down on them.
Last month, US regulators announced they would investigate whether virtual currencies such as Bitcoin and Ethereum were being used as a way to circumvent money laundering laws.
And this week, China’s central bank said it will “examine” whether virtual currency transactions are legitimate and should be taxed.
“Investors who invest in cryptocurrencies, or the cryptocurrencies themselves, should also invest in traditional assets like the real estate market, as well as in financial assets such as cash and stocks,” the Bank of China said in an announcement.