JP Morgan Boss Jamie Dimon Says Bank Will Allow Clients to Buy Bitcoin

JP Morgan Jamie Dimon JP said on Monday that his bank would allow customers to buy Bitcoin– The last sign of the increased openness of the bank according to the property, despite Dimon’s years of criticizing the highest cryptocurrency in market value and digital property.

In the remarks during the investor day of the investment bank, Dimon said that JP Morgan clients would soon be able to buy BTC, although the bank would not be custody.

“We’ll let you buy it,” Dimon said on an investor day on Monday. “We won’t care for him. We’ll put him in clients statements.”

The pronunciation represents the turn for JP Morgan and the wider embrace of the traditional world of finances that once avoided Bitcoin.

Dimon was particularly critical of Bitcoin, saying At one point that the “case of true use” of the greatest digital coin was for criminals.

The Biliana banker also called Bitcoin “fraud”, and last year he described it as “pet rock” before telling reporters that he would “close” him if he can.

“I have always opposed Krypto, Bitcoin, etc.,” he said in 2023.

But now – probably because of the client’s request – the bank will allow customers to buy it, Dimon said.

Decipher He reached into the bank for comment.

Other best US banks also offer products associated with cryptocurrencies. Morgan Stanley boss Ted Pick said In January, the bank would cooperate with regulators to see how they could safely offer cryptocurrencies and in January she said that it would enable financial advisers to transfer some Spot Bitcoin Exchange Funds to qualified customers.

Despite criticizing Bitcoin himself, Dimon, who has been the executive director of the world’s largest investment bank since 2006, praised Blockchain technology and used the bank for his projects.

The US regulators are now a more relaxed approach to the space, given that the crypto is acceptable Donald Trump has become president last year.

Under the new chief commander, the Securities Commission in January abolished Personal accounting Bulletine (SAB) no. 121, a bill that prevented banks in the custody of digital assets.

Edited by James Rubin