3 weeks ago
Clients of JPMorgan Chase (JPM) volition soon person the enactment to bargain bitcoin BTC, according to CEO Jamie Dimon, who spoke astatine the bank's yearly Investor Day connected Monday, signaling a displacement successful however the steadfast approaches the asset.
“We are going to let you to bargain it,” Dimon told shareholders, though helium added the slope has nary plans to clasp the plus successful custody.
Dimon, long known for his skepticism of cryptocurrency, doubled down successful his closing remarks, saying he’s inactive “not a fan” of bitcoin, chiefly due to the fact that of its usage for amerciable activities, including enactment trafficking and wealth laundering
He besides pushed backmost connected the industry's hype astir blockchain technology, arguing it's little important than it's made retired to beryllium — adjacent arsenic JPMorgan continues gathering successful the space.
“We person been talking astir blockchain for 12 to 15 years," helium said. "We walk excessively overmuch connected it. It doesn't substance arsenic overmuch arsenic you each think."
The bank’s ain blockchain platform, Kinexys, precocious ran a trial transaction connected a nationalist blockchain for the archetypal time, settling tokenized U.S. Treasuries connected Ondo Chain’s testnet.
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