JPMorgan Creates and Fills New Position of Head of Crypto Assets Strategy

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Summary

Dimon soon reversed his position in January, admitting that he regretted his earlier statements and adopting a lukewarm stance toward crypto. He will reportedly investigate crypto custody services and how blockchain could work in JPMorgan’s payments business. However, Pinto stressed that crypto adoption is not possible in its “current form”.In general, the investment banking giant has been skeptical of cryptocurrencies. Dimon said he is, “not interested that much in [crypto] at all.” Leading US banking group and financial services firm JPMorgan Chase has recently created and filled the new position of head of crypto-assets strategy, Business Insider reported today, May 17.London-based Oliver Harris, 29, will take the new role, reporting to the head of blockchain development, Umar Farooq.

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Leading US banking group and financial services firm JPMorgan Chase has recently created and filled the new position of head of crypto-assets strategy, Business Insider reported today, May 17.

London-based Oliver Harris, 29, will take the new role, reporting to the head of blockchain development, Umar Farooq. Harris will also lead JPMorgan’s internal blockchain project Quorum, which began testing by JP Morgan Chase and the National...

Read the full article @ Coin Telegraph