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BlackRock executives: Institutions will only truly embrace blockchain technology by implementing KYC and anti-money laundering measures in DeFi
PANews June 25 -- Stocks, bonds and other traditional assets will be tokenized, but "slower than expected", Joseph Chalom, head of BlackRock's Strategic Ecosystem Partnership, said Thursday at the financial professionals auditorium, DL News reported. In addition, he emphasized that blockchain technology will only truly be adopted in institutions before “KYC (Know Your Customers)” and anti-money laundering practices are accepted and implemented in DeFi. "I think it's difficult for large regulated institutions to participate without these barriers, no matter how much liquidity they have. All I know is that we're going to jail if we don't know who to trade with," Chalom said. said.
Prior to June 16, BlackRock had applied for a Bitcoin spot ETF.
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