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A longtime vocal critic of bitcoin, Dimon said the bank he runs will now let clients to buy the crypto.
What to know:
- JPMorgan Chase will soon let clients buy bitcoin, though the bank won’t custody the asset, CEO Jamie Dimon said.
- Dimon reiterated his skepticism toward crypto, calling himself “not a fan” of bitcoin due to its use in illicit activity.
- Despite downplaying blockchain’s importance, JPMorgan's Kinexys platform recently tested tokenized U.S. Treasury settlement on a public blockchain.
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