JPMorgan Chase begins access to customers to Bitcoin

Jpmorgan Chase CEO Jimmy Damon On Monday (May 19), the bank now provides its customers with Bitcoin.

Dienon announced this in The bank’s annual investor day, while repetition Doubts about the digital currencyCNBC I mentioned Monday.

“We will allow you to buy it,” Diam said, according to the report. “We will not save it. We will put it in data for customers.”

Damon added that he is still concerned about the issues related to bitcoin, such as money laundering, lack of clarity in terms of ownership and Use in illegal activities, according to the report.

Dienon said, according to the report. “Defend your right to buy bitcoin.”

It was reported in December 2023 that Damon was an audio critic Cross currencies For some time and That is The Senate Banking Committee told the Senate that if he had power, he will close the entire industry.

While criticized cryptocurrencies, he had different views on Blockchain technology, and JPMorgan adopts this technology for various projects, including development Its stablecoin, JPM coin.

the Federal deposit insurance company (FDIC) presented new instructions March 28 Saying Institutions to oversee FDIC can engage in them TV activities Without obtaining the previous FDIC approval, provided that they adequately run the risks associated.

Previously, under the supervision that FDIC canceled, the agency requested a previous notice of encryption activities.

“With today’s procedure, FDIC transforms the page on the defective approach during the past three years,” FDIC behaves president Travis Hill He said at that time in a press release. “I expect this to be one of the many steps that FDIC will take to develop a new approach to how to participate in the activities related According to Safety and safety standards. “

Institutional adoption of digital assets such as Cross currencies Distinctive securities are seen as inevitable, although the risks remain an obstacle, as the PYMNTS was reported on May 13.

The new wave of adoption is led by highly organized institutions, which wrestle with the issue of basic risks via Blockchain.