US EditionBitcoin (BTC) News: Jamie Dimon Says His Bank Will Allow Purchases
- On May 19, 2025, JPMorgan Chase CEO Jamie Dimon announced that the bank will soon offer clients the opportunity to purchase bitcoin.
- This change follows years of Dimon's skepticism about bitcoin, which he associates with illegal activities like money laundering and sex trafficking.
- Although JPMorgan will enable bitcoin purchases, the bank will not custody the cryptocurrency, keeping a cautious distance from holding the asset directly.
- Dimon explained that while customers will have the option to purchase the asset, the bank itself will not hold it in custody, and he downplayed the overall significance of blockchain technology despite JPMorgan's continued development efforts in the field.
- This move marks a significant step toward integrating bitcoin into mainstream banking while highlighting ongoing concerns about cryptocurrency's risks and regulation.
48 Articles
48 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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