Jamie Dimon, chief executive officer at JPMorgan, has stated that the banking giant would allow its clients to purchase the leading cryptocurrency.
At the same time, Dimon has clarified that the bank itself would not engage in custody of their crypto.
Dimon has also reiterated that he himself is not a fan of the mercurial cryptocurrency.
In 2017, the JPMorgan boss famously stated that he would ban any employee from trading Bitcoin.
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The famous banker has not warmed up to the leading cryptocurrency since then, but he insists that he cannot prohibit its clients from toying with it.The highly influential banker has repeatedly compared Bitcoin to smoking cigarettes.
Dimon is also not sold on the underlying technology. Most recently, he has stated that blockchain does not matter "as much as you think."
This is despite the fact that JPMorgan has been working on its own blockchain tech for a long time. After building out its private network, the banking giant also settled a transaction on a private ledger for the first time last week with the help of Ondo Finance.
