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JP Morgan CEO Jamie Dimon Allows Bitcoin Purchases, Maintains Skepticism

  • JP Morgan CEO Jamie Dimon has allowed clients to purchase Bitcoin but the bank will not custody it in the near future.
  • The company will put Bitcoin in statements for clients and will provide access to Bitcoin exchange-traded funds (ETFs).
  • Dimon expressed skepticism about Bitcoin in the past due to concerns about money laundering, sex trafficking, and terrorism.
  • While JP Morgan has restricted its crypto exposure to futures-based products, competitor Morgan Stanley has started providing spot Bitcoin ETFs to eligible clients.

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