JPMorgan Chase CEO Jamie Dimon recently announced a significant shift in the bank’s policy regarding Bitcoin. As reported by FOX Business on May 20th, clients will now have the opportunity to purchase Bitcoin through the banking institution, signaling a potential evolution in traditional banking attitudes towards cryptocurrencies. However, Dimon made it clear that despite this change, his personal stance on Bitcoin remains unchanged. “We will allow you to buy Bitcoin, but we will not be custodying it,” he affirmed, emphasizing that transactions will be executed on the bank’s balance sheet. This approach underlines the cautious stance that financial institutions maintain regarding the asset. Dimon had previously stated, “I would never buy Bitcoin personally,” reinforcing the ongoing debate regarding the viability and security of digital currencies in mainstream finance.
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