Bitcoin

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BlackRock

Investment giant BlackRock has implemented new requirements for Coinbase, mandating that Bitcoin deposits be made directly on-chain within 12 hours of instruction. This move stems from concerns that ETFs may be selling "paper Bitcoin".
According to sources, BlackRock aims to ensure transparency and accountability in cryptocurrency operations, especially given growing worries about the use of derivatives instead of actual digital assets. The new requirements are intended to bolster investor confidence and prevent potential market manipulation.
This measure reflects a broader trend among institutional investors demanding enhanced security and regulatory compliance when dealing with crypto assets. BlackRock, which manages over $9 trillion in assets, is showcasing a serious approach to integrating Bitcoin into its investment products.
Experts believe that such steps could contribute to further institutional adoption of Bitcoin and stimulate market growth in the long term.

BlackRock Requires Coinbase to Deposit Bitcoin On-Chain Within 12 Hours for Transparency

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