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Bitcoin (BTC) News: Jamie Dimon Says His Bank Will Allow Purchases
- JPMorgan Chase announced at its annual Investor Day on May 19, 2025, that clients will soon be allowed to buy bitcoin through the bank.
- This decision follows evolving regulatory frameworks permitting banks to custody cryptocurrency, though JPMorgan will not hold bitcoin assets itself.
- CEO Jamie Dimon confirmed the bank’s blockchain platform Kinexys recently completed a test transaction settling tokenized U.S. Treasuries on a public blockchain.
- Dimon expressed continued doubt about bitcoin due to its connection with illicit activities and stated that while customers will be permitted to purchase it, the bank will not hold it in custody.
- This move marks a notable step for JPMorgan, signaling bitcoin’s growing integration into mainstream banking despite ongoing executive reservations.
49 Articles
49 Articles
JPMorgan CEO Jamie Dimon clears Bitcoin for bank
JPMorgan CEO Jamie Dimon still isn't a fan of Bitcoin but he's not letting his personal feelings get in the way of business at the bank. "When I look at the Bitcoin universe, the leverage in the system, the misuse," he said at the company’s annual investor day Monday in New York. Noting that bad actors can use it for sex trafficking and terrorism. "I am not a fan of it. We are going to allow you to buy it. And we're not going to custody it. We'r…
JPMorgan CEO Jamie Dimon opens the door to bitcoin, warns against stagflation
Jamie DimonNoam Galai/Getty ImagesJPMorgan CEO Jamie Dimon addressed a range of topics at the firm's Investor Day meeting on Monday.He said the bank will allow investors to buy bitcoin, while warning against stagflation.He sounded dour on the economy but hopeful on the potential for a regulatory reset.Jamie Dimon isn't a fan of bitcoin, but he plans to start offering it to clients of JPMorgan Chase nonetheless."We are going to allow you to buy i…
Bitcoin (BTC) News: Jamie Dimon Says His Bank Will Allow Purchases
Clients of JPMorgan Chase (JPM) will soon have the option to buy bitcoin BTC, according to CEO Jamie Dimon, who spoke at the bank's annual Investor Day on Monday, signaling a shift in how the firm approaches the asset.“We are going to allow you to buy it,” Dimon told shareholders, though he added the bank has no plans to hold the asset in custody.Dimon, long known for his skepticism of cryptocurrency, doubled down in his closing remarks, saying …
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